December 3, 2024 – Written by David Woodsmith
STORY LINK French Fears Drag EUR Lower, Pound to Euro Rate Surges to 10-Day Best
Fears over the French economic and political backdrop have triggered renewed Euro selling on Monday with the Pound to Euro (GBP/EUR) exchange rate surging to 10-day highs around 1.2085.
According to ING; “Unless inflation expectations drop sharply this week (not consensus), GBP rates being traded like USD rates should mean that EUR/GBP stays offered. Look for EUR/GBP to test its recent low at 0.8260.”…
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