October 1, 2024 – Written by David Woodsmith
Leave a comment STORY LINK Pound Sterling Today: Global Narrative Continues to Support GBP Exchange Rates
The Pound to Euro (GBP/EUR) exchange rate has stabilised just below the 1.2000 level amid firm Pound sentiment and Euro-Zone difficulties.
ING still sees scope for a near-term GBP/EUR move to 1.2050, but remains wary over the medium-term outlook.
It noted; “We remain somewhat concerned that the pound will soon face a correction as UK figures start to point to more urgency for…
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