September 22, 2024 – Written by John Cameron
STORY LINK Pound to Euro Forecast for Week Ahead: 1.20 in Sights as BoE Caution Prevails
Rabobank forecasts that the Pound to Euro (GBP/EUR) exchange rate will strengthen to 1.2050 on a 6-month view.
Nomura sees scope for short-term Pound gains but with the risk of a significant retreat to 1.1630 by the end of 2024.
Investment banks in general are wary over the UK fiscal outlook which could undermine the economy and trigger faster interest rate cuts.
A sharp retreat…
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