December 13, 2024 – Written by David Woodsmith
STORY LINK European Interest Rate Cuts Continue, Pound to Euro Rate Near Multi Year Highs
The ECB and Swiss interest rate cuts maintained underlying demand for the Pound, although there was also an element of profit taking on short Euro positions which capped Pound buying.
The Pound to Euro (GBP/EUR) exchange rate traded around 1.2140 and close to the 33-month high just above 1.2155 recorded on Wednesday.
The Pound to Swiss franc (GBP/CHF) exchange…
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