August 4, 2024 – Written by John Cameron
Leave a comment STORY LINK Pound to Euro Week Ahead Forecast: Slide in Risk Appetite Hurts
Rabobank expects the Pound to Euro (GBP/EUR) exchange rate to strengthen to 1.2050 on a 6-month view.
ING, however, still expects that GBP/EUR will trade below 1.1765 over the medium term.
GBP/EUR lost ground during the week with a slide to 2-month lows at 1.1725.
The slump in global risk conditions was a key element undermining the Pound, especially late in the week, as equity markets came under sustained pressure amid…
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