Pound to Euro: Back Above 1.1625, Short-Term Stabilisation Ahead

Pound to Euro: Back Above 1.1625, Short-Term Stabilisation Ahead
April 24, 2024 – Written by John Cameron

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The British Pound Sterling recovered ground on Tuesday following firm data for the services sector while comments from Bank of England (BoE) chief economist Pill were more hawkish than expected.

The Pound had come under strong pressure after markets sensed momentum towards an early cut in interest rates, but comments from Pill triggered some reassessment of the situation.

UK equities have also maintained a strong tone with the FTSE…
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