March 6, 2024 – Written by John Cameron
Leave a comment STORY LINK Pound to Euro Rate Fails to Crack 1.17, GBP Seeks a Breakout
The Pound to Euro exchange rate has held steady, but unable to break above the 1.1700 level.
Traders will be looking at Wednesday’s UK budget and Thursday’s ECB policy decision to attempt a range break.
UK data releases have not provided further currency support and domestic equity markets have also moved lower, limiting Pound support.
The British Retail Consortium (BRC) reported that UK like-for-like sales increased 1.0% in the year…
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