February 18, 2024 – Written by Tim Boyer
Leave a comment STORY LINK Pound to Euro Week Ahead Forecast: 1.17 Holds, 1.1365-1.1905 This Year
Danske Bank analysts expect that the Pound to Euro exchange rate (GBP/EUR) will weaken to 1.1365 on a 6-12 month view.
In contrast, Credit Agricole expects that GBP/EUR will strengthen to 1.1905 at the end of 2024.
GBP/EUR briefly touched 1.1765 during the week, but failed to break this key resistance level and retreated to below 1.1700 to trade with a net loss to 1.1680.
The UK and Euro-Zone outlooks, together…
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