May 26, 2024 – Written by John Cameron
Leave a comment STORY LINK Pound to Euro Week Ahead Forecast: June BoE Rate Cut under Threat
Foreign exchange analysts at Credit Agricole expect the Pound to Euro exchange rate (GBP/EUR) will strengthen to 1.19 at the end of 2024.
ING in contrast is still backing a retreat to 1.1365.
GBP/EUR jumped to 3-month highs and tested key resistance at 1.1765 after the UK inflation data as markets priced out a June rate cut.
It failed to break this area and retreated to 1.1735.
NatWest expects resistance will be tough…
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