October 18, 2024 – Written by Frank Davies
Leave a comment STORY LINK ECB Decision Day: GBP/EUR Needed Very Dovish Talk to Break Back Above 1.20
The Pound to Euro (GBP/EUR) exchange rate found support below 1.1950 on Wednesday and settled around 1.1965. Unless there is very dovish ECB rhetoric, GBP/EUR could retreat later in the session.
Interest rate decisions and expectations surrounding the Bank of England (BoE) and ECB will remain key elements for the Pound with markets also monitoring geo-political developments.
The immediate focus will…
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