March 15, 2024 – Written by John Cameron
Leave a comment STORY LINK Pound Sterling: Battle Lines Drawn, Support vs Euro Below 1.17
The Pound to Euro exchange rate (GBP/EUR) again found support below 1.1700 on Wednesday and moved back above 1.1700 to trade just above this level on Thursday.
Global markets conditions have been favourable for the Pound with low volatility and net gains in equities as the UK FTSE 100 index posted a 7-month high.
According to MUFG; “The ongoing drop in foreign exchange market volatility is reinforcing favourable conditions for FX carry…
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