June 12, 2023 – Written by John Cameron
STORY LINK Pound Euro (GBP/EUR) Exchange Rate Dips despite Elevated BoE Rate Hike Bets
Pound Euro (GBP/EUR) Exchange Rate Dips despite Elevated BoE Rate Hike Bets
The Pound Euro (GBP/EUR) exchange rate weakened on Monday, despite GBP investors upping their bets on further rate hikes from the Bank of England (BoE).
At the time of writing, GBP/EUR traded at around €1.1679, a fall of just over 0.2% from Monday’s opening rates.
Pound (GBP) Muted despite Elevated Rate Hike Bets
The Pound (GBP) saw muted trade during Monday’s European session, but was likely cushioned from significant losses by elevated interest rate…
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