March 12, 2024 – Written by John Cameron
STORY LINK Pound to Euro: Tests 1.1700 as Sterling Pound Retreats UK Wages Slowdown
The Pound Sterling retreated on Tuesday after slightly softer than expected UK labour-market data with markets slightly more confident over a Bank of England (BoE) rate cut by August.
The Pound to Euro (GBP/EUR) exchange rate retreated to test 1.1700 from Monday highs at 1.1750 and further away from key resistance at 1.1765.
The Pound did secure some protection from gains in UK equities with a 0.8% advance…
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