March 5, 2024 – Written by John Cameron
STORY LINK Pound to Euro Firm Around 1.168 Ahead of the 2024 UK Spring Budget
The Pound to Euro exchange rate (GBP/EUR) briefly dipped to 10-day lows near 1.1660 on Friday before a tentative recovery and traded around 1.1685 on Monday.
Two key events this week will be the UK budget on Wednesday and ECB policy meeting on Thursday.
The shaping of the fiscal and monetary debate by the UK government and ECB will have an important impact on financial markets and help determine whether GBP/EUR can break out of narrow ranges….
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