November 3, 2024 – Written by Frank Davies
STORY LINK Pound to Euro Week Ahead Forecast: Debt Fears Unsettle Sterling
The Pound to Euro (GBP/EUR) exchange rate dipped sharply to 6-week lows below 1.1850 after the UK budget before a recovery to near 1.1950.
The Euro was also boosted by a scaling back of aggressive ECB rate cut expectations.
Goldman Sachs expects a medium-term advance to 1.22.
MUFG is more cautious over the longer-term and, after near-term gains to 1.2050, it expects a gradual GBP/EUR retreat to 1.1765…
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