November 28, 2024 – Written by Frank Davies
STORY LINK Hawkish ECB Rhetoric Protects the Euro Exchange Rates
The Pound to Euro (GBP/EUR) exchange rate tested the 1.2000 level in early Europe on Wednesday before a retreat to 1.1980 on hawkish ECB rhetoric.
The Pound overall has still been resilient amid underlying reservations surrounding the Euro-Zone economy amid another weak German data release.
ING expects that EUR/GBP will trade around 0.83 at the end of 2024, but added; “the risk to that forecast probably lies more to 0.82 than 0.84 since…
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