October 8, 2024 – Written by Frank Davies
Leave a comment STORY LINK Growing BoE Rate Cut Speculation Prompts Pound to Euro Rate Slide
GBP/EUR Exchange Rate Struggles to Hold Above €1.19
The Pound to Euro (GBP/EUR) exchange rate started the week on a negative note as increased speculation regarding the pace of interest rate cuts from the Bank of England (BoE) pressured Sterling sentiment.
At the time of writing, GBP/EUR was trading around €1.1925, down roughly 0.2% from Monday’s opening levels.
The Pound (GBP) came under renewed selling pressure…
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