March 26, 2024 – Written by John Cameron
Leave a comment STORY LINK GBP/EUR: MUFG Lowers Pound to Euro Forecast Gains to 1.2085
The Pound to Euro exchange rate (GBP/EUR) dipped to 2-month lows at 1.1625 on Friday before a limited recovery to 1.1655 on Monday.
The shift in interest rate expectations has been a key element for exchange rates with last week’s Bank of England policy decision considered generally dovish with markets considering a stronger potential for an early interest rate cut.
Rate expectations will remain a key element for Pound moves.
MUFG has shifted its…
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