Pound to Euro Outlook: GBP Eye November BoE Rate Cut, EUR Waits ECB Call

STORY LINK Pound to Euro Outlook: GBP Eye November BoE Rate Cut, EUR Waits ECB Call

There was choppy Pound trading after the latest UK jobs data, but the Pound to Euro (GBP/EUR) exchange rate settled with a small gain to 1.1855.

ING expects strong GBP/EUR resistance close to 1.19.

There are very strong expectations that the Bank of England (BoE) and ECB will cut interest rates again before the end of this year.

Traders, however, expect that the ECB will cut rates at least…
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