Barclays, ING, MUFG and other institutions have said there is scope for further Pound Sterling gains against the Euro in the wake of a decisive Bank of England interest rate hike and slowing Eurozone economic activity.
June 27,2023
The Pound to Euro exchange rate receded from some of its best levels since August 2022 last week and could now be likely to consolidate within a rough 1.1612 to 1.1742 range ahead of midweek remarks from central bankers on both sides of the channel and Friday's reading of the European inflation pulse.
June 26,2023
The Pound to Euro exchange rate has fallen below 1.17 and looks set to fight for support at the next psychological level at 1.16 as another strong run of weekly advances looks set to come to an end.
June 23,2023
The Pound to Euro exchange rate slipped below 1.17 ahead of the midweek trading session in a partial retracement of gains made since last month's Bank of England (BoE) interest rate decision but with the summer skies raining in advance of the solstice and another policy decision still to come, it's anybody's guess where Sterling goes next.
June 20,2023
The Pound to Euro exchange rate has been carried to one-year highs in recent trade but inflation data and a difficult interest decision for the Bank of England (BoE) could lead to volatility in fits and starts with risk of a top forming around a nearby resistance level on the charts in the days ahead.
June 19,2023
Pound Sterling was broadly higher ahead of the weekend as it printed fresh highs against both the Euro and Dollar.
June 16,2023
Euro exchange rates were higher after the European Central Bank (ECB) raised interest rates by 25 basis points and gave no indication it was considering an end to the interest rate hiking cycle.
June 15,2023
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