May 30, 2024 – Written by John Cameron
Leave a comment STORY LINK Pound to Euro Rate Today: GBP/EUR Battles with Key Resistance
The Pound to Euro exchange rate (GBP/EUR) briefly moved above key resistance at 1.1765 on Tuesday before settling just below this level.
A retreat in equities will tend to make it more difficult for the Pound to break through resistance levels.
There is optimism that both UK and Euro-Zone economies are strengthening with markets continuing to monitor monetary policy expectations very closely.
ING expects resistance…
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