August 15, 2024 – Written by John Cameron
Leave a comment STORY LINK Pound to Euro Rate Surrenders 1-Week Highs as Sterling Dips
After a strong performance on Tuesday, the Pound lost ground after the latest UK inflation data with the slightly lower than expected print increasing expectations of a further near-term Bank of England (BoE) interest rate cut.
The Pound to Euro (GBP/EUR) exchange rate dipped to near 1.1670 from 1.1700 and after hitting 1-week highs at 1.1715 on Tuesday.
ING commented; “All in all, this morning’s inflation figures still help our EUR/GBP…
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