September 24, 2024 – Written by John Cameron
STORY LINK Euro Buyers See Best GBP/EUR Exchange Rate in Two Years
The latest Euro-Zone was significantly weaker than expected which triggered a renewed Euro slide in global markets.
According to ING; “As the Olympic flame was extinguished, so was eurozone optimism.”
UK data was slightly weaker than expected, but still pointed to UK out-performance.
In this environment, the Pound to Euro (GBP/EUR) exchange rate jumped to 2-year highs above 1.1950.
ING sees cope for a near-term test of 1.20.
According…
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