January 27, 2024 – Written by John Cameron
Leave a comment STORY LINK Pound to Euro Rate Week Ahead Forecast: Focus Turns to Bank of England
The Pound to Euro exchange rate spiked higher after Thursday’s ECB policy meeting with a 5-month high of 1.1730 and held above 1.1700 on Friday to trade around 1.1715.
Expectations of a more dovish ECB policy sapped Euro support with the focus now moving to the Bank of England.
According to ING, EUR/GBP is closing in on major support at 0.8500 – but a break below it looks highly unlikely ahead of next Thursday’s…
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