September 2, 2024 – Written by John Cameron
Leave a comment STORY LINK Pound to Euro Week Ahead Forecast: September Holds Key for GBP/EUR
Goldman Sachs forecasts that the Pound to Euro (GBP/EUR) exchange rate will strengthen to 1.22 on a 12-month view.
During the week, GBP/EUR strengthened to 5-week highs just above 1.19 before a correction to 1.1875. The pair remains close to the resistance levels above 1.19 which were tested in July.
Other investment banks such as ING have dropped near-term expectations of GBP/EUR losses.
UK and global developments…
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