July 21, 2024 – Written by John Cameron
Leave a comment STORY LINK Pound to Euro Exchange Rate Forecast Ranges: 1.15 to 1.22
Citigroup forecasts that the Pound to Euro (GBP/EUR) exchange rate will strengthen to 1.22 at the end of 2024.
In contrast, after a strong start, ING still forecasts losses to 1.15.
GBP/EUR hit a 23-month high just below 1.1930 during the week before a retreat to 1.1870 amid overbought conditions.
As far as data is concerned, the headline UK inflation rate held at 2.0% for June compared with expectations for a marginal decline to 1.9% while the…
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