January 11, 2024 – Written by Ben Hughes
Leave a comment STORY LINK GBP/EUR Exchange Rate Finds Support at 1.16
The Pound to Euro (GBP/EUR) exchange rate dipped from 1.1630 to 1.1600 on Wednesday following comments by ECB council member Schnabel.
GBP/EUR did find support at 1.1600 and settled around 1.1620 on Thursday.
There is the potential for choppy trading after the US inflation data later on Thursday with overall risk conditions likely to have a significant impact on GBP/EUR.
Weaker equities would tend to have a limited negative impact on the Pound.
Overall, there have been significant…
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