October 20, 2024 – Written by David Woodsmith
STORY LINK Pound to Euro Week Ahead Forecast: ECB Rate Cut Trumps BoE Speculation
Goldman Sachs expects further short-term Pound to Euro (GBP/EUR) exchange rate gains to 1.2120 and maintains a 12-month forecast of 1.2200.
Although RBC Capital Markets (RBC) expects near-term support, it expects a steady decline to 1.1240 on a 12-month view.
GBP/EUR posted sharp gains to 30-month highs at 1.2050 during the week before a retreat to 1.2000.
Interest rate decisions…
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