November 18, 2024 – Written by David Woodsmith
STORY LINK Big Week for European Economies, Pound to Euro Rate Retreats
The Pound has continued to lose ground on Monday with the Pound to Euro (GBP/EUR) exchange rate dipping to 20-day lows below 1.1950.
ING expects a firm GBP/EUR tone on near-term central bank divergence; “we see any dovish repricing in BoE expectations coming after a December outsized ECB cut.”
Dollar developments and geo-political developments will continue to have an important impact.
For the…
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