October 24, 2024 – Written by Frank Davies
STORY LINK EUR/GBP Forecast: Euro Woes Continue to Support the Pound
The Pound to Euro (GBP/EUR) exchange rate found support below 1.2000 on Tuesday and strengthened to 1.2030 on Wednesday, close to 30-month highs.
The Pound has been relatively quiet in global markets while the Euro has remained under pressure amid expectations of faster interest rate cuts.
According to Danske Bank; “GBP continues to benefit from UK growth outperformance relative to the Eurozone.
The bank sees the…
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