January 12, 2025 – Written by David Woodsmith
STORY LINK Pound to Euro Forecast for Week Ahead: Buy the Dip?
The Pound came under significant pressure during the week amid a surge in UK government bond yields and higher global yields.
The Pound to Euro exchange rate (GBP/EUR) dipped sharply to 2-month lows close to 1.1900 before a slight recovery.
The 10-year yield jumped to 16-year highs just above 4.90%, while the 30-year yield hit the highest level since 1998.
Deutsche Bank recommends selling the Pound against a basket of currencies,…
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