January 8, 2024 – Written by Frank Davies
Leave a comment STORY LINK Pound to Euro Rate: Tests Important Resistance on UK/EZ Divergence
The Pound to Euro exchange rate strengthened to a 2-week high just below 1.1630 on Friday before correcting slightly on Monday to trade around 1.1610.
The relative outlook for the UK and Euro-Zone will remain a key element for the Pound.
According to Rabobank; “While it is still difficult to paint a glaringly optimistic picture of the outlook for GBP, we see potential for EUR/GBP to tick lower to 0.84 on a 12-month view,…
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