October 15, 2024 – Written by David Woodsmith
STORY LINK GBP/EUR Exchange Rate Coiled Near 1.1950, Pivotal Week for Pound
The Pound to Euro (GBP/EUR) exchange rate has continued to consolidate around 1.1950, but with the potential for substantial moves this week amid a wave of market-moving events including key UK data and an ECB policy meeting.
ING expects lower UK inflation and added; “This means that EUR/GBP could hold support at 0.8350 this week and retest the recent high at 0.8435. (GBP/EUR retreat to 1.1850)
Global influences will…
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