January 28, 2024 – Written by John Cameron
Leave a comment STORY LINK Pound to Euro Exchange Rate 2024 Forecast Ranges: 1.1480 or 1.19?
Foreign exchange strategists at HSBC expect the Pound to Euro exchange rate to weaken to 1.1480.
In contrast, Nordea expects GBP/EUR to strengthen to 1.19 at the end of 2024.
GBP/EUR secured a significant net gain for the week with 5-month highs at 1.1735 before consolidation around 1.1715.
The overall data flows bolstered expectations that the ECB would cut interest rates ahead of the Bank of England which supported the…
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