Pound Euro Exchange Rate Forecast: GBP/EUR Touches Five-Day Best

Pound Euro Exchange Rate Forecast: GBP/EUR Touches Five-Day Best

October 24, 2024 – Written by John Cameron

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The Pound Euro (GBP/EUR) exchange rate touched a five-day high on Wednesday, although it wavered in a narrow range, as a risk-off mood and UK budget hopes impacted the pairing.

At the time of writing, GBP/EUR traded at €1.2034, having hit a five-day high of €1.2043 earlier in the session.

The Euro (EUR) had a mixed performance on Wednesday, influenced by a risk-off market mood and a strengthening US…
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