Euro exchange rates moved higher on the final full trading day of 2024 after Spanish inflation easily beat expectations.
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A rise in debt servicing costs has helped Pound Sterling hold gains against the Euro.
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Thin market conditions mean month-end flows are firmly in charge of FX markets.
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Pound Sterling is under near-term pressure against the Euro.
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Pound Sterling is under pressure into the weekend, retreating from four-year highs against the Euro.
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There are two-way risks facing Pound Sterling today. Here, we examine what the potential 'hawkish' and 'dovish' outcomes would look like.
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Pound Sterling rallied after UK wages stoked inflationary fears and Germany's ifo sentiment indicator confirmed a tepid end to a poor 2024 for the Eurozone's largest economy.
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