January 26, 2024 – Written by Tim Boyer
Leave a comment STORY LINK Pound to Euro Rate Hovers Around 1.172 – GBP/EUR News
The Pound to Euro exchange rate briefly moved above the 1.1700 level after the stronger-than-expected business confidence data on Wednesday, but failed to sustain the gains and settled just above 1.1690.
GBP/EUR will have scope for gains if the ECB forward guidance is less hawkish than expected later in the day. Otherwise, resistance may be tough to break down.
The Euro-Zone data has remained weak, but the Euro has been protected by expectations that the ECB will push…
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