October 10, 2024 – Written by David Woodsmith
Leave a comment STORY LINK Pound Sterling Watching UK Fiscal Policy Closely, GBP/EUR Braced
The Pound to Euro (GBP/EUR) exchange rate found support below 1.19 on Tuesday and has settled around 1.1935, just below the middle of the trading range seen over the past 20 days.
Overall risk conditions will be very important in the short term with major global events in focus and the potential for high volatility across asset classes.
There will be further strong GBP/EUR selling interest above 1.20.
China is set…
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