March 21, 2024 – Written by John Cameron
Leave a comment STORY LINK Pound to Euro Rate Slips to 1.166 as BoE Edges Closer to Rate Cut
A slightly more dovish Bank of England policy stance undermined the Pound on Thursday while there were mixed Euro developments.
The Pound to Euro (GBP/EUR) exchange rate initially strengthened to 1.1720 before a slide to 20-day lows just below 1.1670.
The Euro drew technical support from a jump in the EUR/CHF rate following a surprise Swiss National Bank interest rate cut.
This was, however, offset to some extent by increased…
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