February 24, 2024 – Written by John Cameron
Leave a comment STORY LINK Pound to Euro: UK Optimism Underpins Sterling Exchange Rates
The Pound to Euro exchange rate (GBP/EUR) found support below 1.1670 on Thursday and rallied to the 1.1700 area.
Overall risk conditions were broadly favourable which helped underpin Sterling and GBP/EUR traded just above 1.1700 on Friday.
According to ING, GBP/EUR can secure limited net gains on interest rate expectations. It noted; “we have some doubts the [EUR/GBP] pair can rally further in the near term, as markets may be more…
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