Pound Sterling continues to claw back recent losses against the Euro, but a retest of 2024 highs remains a distant prospect.
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Based on a new research report from Commerzbank, this is what you need to know if you plan to buy euros with pound sterling in the next few months.
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Our Pound to Euro Week Ahead Forecast looks for 1.19 to act as gravity but for weakness to be limited below here.
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Pound Sterling is under widespread selling pressure on Thursday and is registering a half-per cent fall against the Euro.
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The Euro could come under fresh pressure against Pound Sterling as an unstable French government prepares to pass what will be a very unpopular budget.
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Pound Sterling rose to its highest level of 2024 against the Euro after European Central Bank (ECB) President Christine Lagarde said signalled interest rates must come down faster.
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The Pound to Euro exchange rate could register further gains in the coming days amidst ongoing positive momentum. However, significant post-Brexit resistance levels are in play here.
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