September 26, 2024 – Written by John Cameron
Leave a comment STORY LINK Pound to Euro Retreats from 1.20
The Pound Euro (GBP/EUR) exchange rate dropped on Wednesday morning as the pairing pulled back from its 26-month high seen earlier in the week.
The Pound (GBP) fell back on Wednesday as GBP investors sought to book their profits in the wake of Sterling’s recent surge.
GBP exchange rates have rallied to multi-month highs over the past week, following Bank of England’s (BoE) decision to diverge from the European Central Bank (ECB) and Federal Reserve by opting not to raise interest rates…
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