July 1, 2024 – Written by John Cameron
Leave a comment STORY LINK GBP/EUR 3-Week Exchange Rate Lows After French Election First Round
The Pound to Euro (GBP/EUR) exchange rate retreated to 3-Week lows around 1.1775 after the French election results.
There was some relief on expectations that the National Rally (RN) would fall short of a majority in next week’s second round, although still with a high degree of uncertainty.
ING commented; “the case for a materially stronger EUR/GBP within the next couple of weeks is not very compelling. (Solid support…
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