Pound to Euro Week Ahead Forecast: Buy Dips Below 1.17, as Short-term Uptrend Intact

0 (0 votes)

The estimated reading time is less than a minute

Pound to Euro Week Ahead Forecast: Buy Dips Below 1.17, as Short-term Uptrend Intact

25 Views

February 25, 2024 – Written by John Cameron

pound-to-euro-rate-today-4

Bank of America (BoA) analysts forecast that the Pound to Euro exchange rate (GBP/EUR) will strengthen to 1.1905 at the end of 2024.

In contrast, after an initial firm tone, ING expects GBP/EUR to weaken to 1.1365 on a 12-month view.

GBP/EUR dipped to 3-week lows below 1.1660 during the week before a recovery to 1.1715 on Friday.