FX Guys

Pound to Euro Exchange Rate Forecast: 1.2050 on a 6-Month View

July 28, 2024 – Written by John Cameron

Rabobank expects that the Pound to Euro (GBP/EUR) exchange rate will make net gains to 1.2050 on a 6-month view.

According to the bank; “We have been calling for the pound to continue its slow grinding recovery for some time.”

ING expects near-term Pound losses; “we expect a broad-based GBP weakening next week when the Bank of England will – in our view – cut rates.”

During the week, GBP/EUR lost ground with a retreat…
Read More