FX Guys

Pound to Euro Forecast: Break Above 1.15 say ING Analysts

November 24, 2023 – Written by Frank Davies

The pound-to-euro exchange rate (GBP/EUR) was able to make net headway on Thursday and settled just above the 1.1500 level on Friday.

The relative outlook for Euro-Zone and UK economies will remain a key element with a particular focus on Germany.

The overall data flow has indicated a slightly more positive UK position which will underpin the Pound.

The UK GfK consumer confidence index rebounded to -24 for November from -30 the previous…
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