The coming days suggest scope for a further retreat from recent highs.
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The Pound to Euro exchange rate has once again been rejected at a pivotal technical level, meaning those who failed to buy euros at 25-week highs have been left disappointed.
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The Pound to Euro exchange rate remains well supported by an abundance of technical support levels, but it will take a blow-out set of UK economic data releases to deliver fresh 2024 highs in the c…
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"We may now be entering a period of euro weakness, like what we saw in 2013-2015."
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The British Pound recovered ground against the Euro, Dollar and other major currencies following the sharp drops experienced on Monday, underscoring ongoing yield support for the UK currency.
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The Pound to Euro exchange rate has risen six weeks in succession and sits on the cusp of breaking to its highest levels since 2022.
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The British Pound can find some support as the Bank of England "hammers home" the message it is too soon to cut interest rates.
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