Pound Election Update: Sterling Retreats to 10-Day Lows vs Euro

STORY LINK Pound Election Update: Sterling Retreats to 10-Day Lows vs Euro

The Pound to Euro (GBP/EUR) exchange rate has continued to drift lower with a decline to 10-day lows around 1.1815 amid stronger expectations that the Bank of England (BoE) will cut interest rates in August. The Pound could drift lower if market confidence in an August cut increases further.

Markets will remain sensitive to Euro-Zone political risks in the short term with the first round of the French parliamentary elections on June 30th.

There will…
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