November 29, 2023 – Written by Toni Johnson
STORY LINK Pound to Euro Forecast: 1.1765 in Six Months say Rabobank
The Pound-to-Euro exchange rate (GBP/EUR) held a firm tone on Wednesday as the Bank of England (BoE) maintained hawkish rhetoric while weaker-than-expected inflation data from two Euro-Zone countries increased expectations of 2024 ECB rate cuts.
In this environment, the British Pound advanced to 6-week highs against the Euro at 1.1570 before a slight correction to 1.1560.
Rabobank expects rate expectations will be crucial for GBP/EUR moves over the next…
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