March 30, 2025 – Written by Frank Davies
STORY LINK Pound to Euro Forecast: 1.22 in 12 Months on “Overdone Eurozone Optimism”
Foreign exchange strategists at Goldman Sachs have a 12-month GBP/EUR forecast of 1.2200 as it considers that Euro-Zone optimism is overdone.
In contrast, HSBC expects a retreat to 1.1765 amid a lack of confidence in the UK outlook.
GBP/EUR briefly hit 3-week highs above 1.2000 during the week before a retreat to 1.1950.
Chancellor Reeves tightened welfare spending…
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