February 1, 2024 – Written by John Cameron
Leave a comment STORY LINK Pound to Euro FX Outlook: The key GBPEUR level to watch is 1.1765
The Pound to Euro exchange rate dipped sharply to lows at 1.1670 on Tuesday after slightly better-than-expected Euro-Zone data, but traded back above 1.1700 on Wednesday.
The UK data releases have been generally favourable which has helped underpin the Pound while initial Euro-Zone inflation releases have been weaker than expected which limited scope for a further Euro rebound.
The key level to watch for GBP/EUR is 1.1765.
The…
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