November 13, 2024 – Written by Tim Boyer
STORY LINK Bank of England: Pound Sterling Higher as BoE On Track for Gradual Rate Cuts
After hitting 31-month highs just above 1.2100 on Monday, the Pound to Euro (GBP/EUR) exchange rate has corrected to 1.2070, but found buyers near 1.2050.
Overall yield spreads will continue to underpin GBP/EUR, especially if the Bank of England maintains a cautious stance on lowering interest rates. The Euro also remains vulnerable due to fears over a more aggressive US trade stance,…
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