Pound to Euro Week Ahead Forecast: Can Three-Week Best Hold for Buyers?

STORY LINK Pound to Euro Week Ahead Forecast: Can Three-Week Best Hold for Buyers?

Foreign exchange analysts at CIBC expect the Pound to Euro exchange rate (GBP/EUR) to strengthen to 1.19 at the end of the second quarter.

MUFG expects risk conditions will be important; “the current favourable low volatility market conditions for carry trades that favour the pound more than the euro.”

GBP/EUR was unable to make any headway early in the week, but strengthened to 3-week highs just above 1.1750…
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