May 2, 2024 – Written by John Cameron
Leave a comment STORY LINK Pound Sterling: Downbeat OECD Outlook Undermines GBP, EUR Below 1.17
The Pound to Euro exchange rate (GBP/EUR) dipped to lows near 1.1680 in early Europe on Thursday before a recovery to near 1.1700.
The Pound was undermined by a downbeat OECD assessment of the UK economy.
In its latest update, the OECD downgraded the UK forecasts for this year and next with GDP growth forecast at just 0.4% for 2024 and 1.0% in 2025.
Although the 2024 UK forecast is marginally above the 0.2% for Germany,…
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