March 3, 2024 – Written by John Cameron
STORY LINK Pound to Euro Week Ahead Forecast: Drifts Weaker, 1.1495-1.1905 2024 Ranges
Foreign currency strategists at MUFG expect that the Pound to Euro exchange rate (GBP/EUR) volatility is too low and that the pair will weaken to 1.1495 at the end of 2024.
Bank of America, however, expects net GBP/EUR gains to 1.1905 at the end of the year on improved UK fundamentals.
There have been no major UK developments during the week with markets looking ahead to the budget next week.
The…
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