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The Pound to Euro exchange rate recovery has stalled in recent weeks and the risk of a partial reversal is now high due to an ongoing disagreement between the Bank of England (BoE) and financial markets about what will or will not be necessary to return inflation to its 2% target.
December 12,2022
Foreign exchange strategists at RBC Capital say the Euro is to rise against the British Pound in 2023 owing to their pessimistic view on the UK economic outlook.
December 6,2022
The Pound to Euro exchange rate's multi-month recovery was frustrated last week as Sterling became caught in a dense pocket of technical resistance, which could continue to obstruct the path higher in the days ahead and what is set to be a quiet week for UK and European economic calendars.
December 5,2022
The Euro was softer following German inflation data for November.
November 29,2022
The Pound to Euro exchange rate entered the new week near to November highs but could find itself confined to a narrow and potentially sleep-inducing range this week, one spanning the gap between Sterling's 100-day average at 1.1603 and technical resistance up near 1.1667.
November 28,2022
The British Pound has risen over the course of the week, with analysts saying a portion of the advance can be attributed to a firming up of Bank of England interest rate hike expectations.
November 25,2022
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