Pound will strengthen to 80 pence against the euro, a mark that has not been reached since 2016, when Britain decided to leave the EU. Coronavirus pandemic means that the deadline for signing a trade agreement this year may be shifted, which will delay the risks for the currency. Prospects for the pound, which suffered from a sell-off since the country's decision to leave the EU and the coronavirus epidemic may change. Against the dollar, the currency reached its lowest level for 35 years last month. In recent weeks, the pound has recovered its lost positions, but remains 3% lower against the euro, at 87 pence. Prospects for the euro have also deteriorated, as the EU cannot find a compromise on support for economies affected by the coronavirus. 

EUR/GBP, 30 min

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