October 6, 2024 – Written by Frank Davies
Leave a comment STORY LINK Pound to Euro Forecast for Week Ahead: 1.20 Fades, Where Next?
Credit Agricole remains comfortable with an end-2025 Pound to Euro (GBP/EUR) exchange rate forecast of 1.2050.
MUFG expects a retreat to 1.1765 by the third quarter of next year.
GBP/EUR posted sharp losses to 2-week lows near 1.1850 before a recovery to near 1.1950.
The Pound was undermined by dovish comments from Bank of England Governor Bailey during the week, although this was partially reversed after commentary from chief…
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