November 10, 2024 – Written by Frank Davies
STORY LINK Pound to Euro Week Ahead Forecast: EUR concerns intensify, GBP Gains?
Foreign exchange analysts at MUFG expect that the Pound to Euro (GBP/EUR) exchange rate will strengthen towards 1.22.
The consensus view is that a slow pace of Bank of England rate cuts, allied with difficulties in the Euro-Zone and the threat of trade stresses under a second Trump Presidency, will undermine the Euro and support GBP/EUR.
MUFG commented; “With yields in the UK set to remain at…
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