June 2, 2024 – Written by John Cameron
STORY LINK Pound to Euro Week Ahead Forecast: 1.1365 in Next 6-12 Months
Foreign exchange analysts at Morgan Stanley expect the Pound to Euro exchange rate (GBP/EUR) will strengthen to 1.2200 by the end of 2025.
Danske Bank still expects a retreat to 1.1365 on a 6–12-month view.
There are very strong expectations that the ECB will cut interest rates at this week’s policy meeting, and this is fully priced in.
There is also a very strong likelihood that the European central bank will cut rates ahead of…
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