Pound to Euro Rate: Tipped to 1.1630 on Break Above 1.1550, say ING

STORY LINK Pound to Euro Rate: Tipped to 1.1630 on Break Above 1.1550, say ING

The Pound to Euro exchange rate (GBP/EUR) has made headway on Monday and posted a 3-week high just above the 1.1540 level.

Marke expectations surrounding potential Bank of England (BoE) rate cuts have been scaled back slightly in absolute terms and compared with the ECB which has underpinned the Pound.

There is still an important element of…
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