February 2, 2024 – Written by James Fuller
STORY LINK Pound to Euro: Sterling Dips Below 1.1700 Ahead of Weekend
The pound-to-euro (GBP/EUR) exchange rate dipped to lows at 1.1685 ahead of Thursday’s Bank of England (BoE) policy meeting.
The BoE vote split and guidance were less dovish than expected and this triggered a rebound in the Pound as markets pared expectations of a May interest rate cut.
GBP/EUR rallied to 1.1730 and traded above 1.1700 on Friday.
Overall ranges were relatively narrow with fresh doubts over an early cut in BoE and ECB interest…
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