January 22, 2025 – Written by David Woodsmith
STORY LINK Pound to Euro Forecast: Gradual Net Gain to 1.2050 in Six Months
The Pound to Euro exchange rate (GBP/EUR) held above 4-month lows on Tuesday and has managed to stabilise around 1.1840 without being able to make significant headway.
Rabobank expects a gradual net gain to 1.2050 on a 6-month view.
There was further disappointing UK data with higher-than-expected government borrowing for December.
There was, however, a measured reaction in the UK bond market…
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