Pound to Euro Week Ahead Forecast: Settled around 1.1950

STORY LINK Pound to Euro Week Ahead Forecast: Settled around 1.1950

Foreign exchange strategistsd at Goldman Sachs expect the Pound to Euro exchange rate to strengthen to 1.22 (GBP/EUR) on a 12-month view.

GBP/EUR settled around 1.1950 as tight ranges prevailed during the week with caution surrounding geo-political risks and the UK budget.

Goldman expressed some caution on a near-term Pound view; “In the nearer-term, the outlook is still clouded, with geopolitical headwinds still likely impacting price action,…
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