The Pound to Euro exchange rate has fallen to five-month lows and today's ECB decision is unlikely to improve the outlook for an under-pressure Pound Sterling; in fact, risks are tilted to further losses.
October 26,2023
GBPEUR is destined for lower levels according to new research from a leading Scandinavian bank that envisages a world in which the Eurozone economy outperforms that of the UK.
October 25,2023
GBPEUR nursing wounds following another weekly loss, but starting to look oversold says ING.
October 23,2023
The Governor of the Bank of England has all but confirmed interest rates won't rise in November in comments that can add further pressure on the Pound.
October 20,2023
The British Pound outlook is constructive as analysts say UK inflation data raise the possibility of another interest rate hike at the Bank of England by early 2024.
October 19,2023
A leading currency strategist says that risk/reward favours being short the British Pound into tomorrow's CPI inflation data release.
October 17,2023
GBPEUR chart reveals pressures building, retest of 1.15 now back on cards.
October 16,2023
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