March 20, 2024 – Written by John Cameron
Leave a comment STORY LINK Pound / Euro Rate Today: Above 1.17 as Low Volatility Offsets UK Inflation
The Pound to Euro exchange rate (GBP/EUR) briefly dipped to 1.1685 after the latest inflation data before a recovery to 1.1710.
ING expects Thursday’s Bank of England decision will be crucial in determining whether GBP/EUR can attack 1.1765 resistance.
The slightly lower-than-expected inflation data nudged markets towards a Bank of England interest rate cut in June rather than August.
A lack…
Read More
