September 8, 2024 – Written by John Cameron
STORY LINK Pound to Euro Week Ahead Forecast: ECB Tipped to Cut This Week
MUFG expects the Pound to Euro (GBP/EUR) exchange rate to edged lower to 1.17 by the second quarter of 2025.
In contrast, Barclays expects resistance levels will eventually break with the potential for GBP/EUR to strengthen to 1.21 over the medium term.
GBP/EUR was held in relatively tight ranges during the week, but drifted lower amid limited selling pressure in equity markets.
There are very strong expectations that the…
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