October 17, 2024 – Written by Tim Boyer
STORY LINK Pound Euro Exchange Rate Forecast: GBP/EUR Tumbles as UK Inflation Misses BoE Target
The Pound Euro (GBP/EUR) exchange rate took a tumble on Wednesday morning after a weaker-than-expected UK consumer price index saw markets increase bets on more Bank of England (BoE) interest rate cuts.
At the time of writing, GBP/EUR traded at €1.1946, down 0.5% from the morning’s opening levels.
The Pound (GBP) tumbled on Wednesday after a weaker-than-expected…
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