Pound Sterling has fallen against the Euro and Dollar amidst a sizeable slump in global equity markets. However, supportive UK interest rate expectations can limit downside.
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The Pound to Euro exchange rate (GBP/EUR) has fallen to 1.1860 as the September selloff extends, with losses linked to faltering global investor sentiment.
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Pound Sterling has risen for six months in succession against the Euro, but a recent recovery stalled at 1.19 and we could see a pullback evolve in the coming days.
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Pound Sterling's recovery against the Euro ran into technical resistance ahead of the final day of trade in August. However, a potential test of 2024's highs looks to be on the cards for September.…
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The Pound to Euro exchange rate rally extends another day, with a high of 1.19 printed on Thursday.
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Any negative market reaction to Nvidia's earnings results, due later today, will challenge Pound Sterling's ongoing rally against the Dollar and Euro.
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The Pound to Euro exchange rate (GBP/EUR) is technically and fundamentally poised for further gains in the near term, and a move to 1.1850 is on the cards for this week.
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