Euro to Pound Outlook: The Down Trend has "Tentatively Stalled" says SocGen

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Euro to Pound Outlook: The Down Trend has "Tentatively Stalled" says SocGen

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February 7, 2024 – Written by John Cameron

pound-to-euro-rate-today-17

GBP/EUR Exchange Rate Rebounds from 2-Week Lows on Positive UK News Flow

The Pound to Euro (GBP/EUR) exchange rate dipped to 2-week lows just below 1.1670 on Tuesday before a solid recovery to just above the 1.1700 level.

The overall UK data flows has remained broadly positive which has helped underpin the Pound.

Sentiment in global equities remains firmer, especially amid hopes for…
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