September 5, 2024 – Written by David Woodsmith
STORY LINK Pound Sterling Today: GBP/EUR Recovers from Weekly Lows
The Pound has been hampered by weaker global risk conditions amid a sharp dip in equity markets, although the currency overall has been broadly resilient.
The Pound to Euro (GBP/EUR) exchange rate found support at 1-week lows below 1.1860 and secured a tentative recovery to 1.1870.
Risk conditions will remain important for the Pound and there is an on-going risk of position liquidation given that global investors have again boosted their…
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