Pound Sterling has turned lower again following a strong run and we forecast the pullback to extend in the coming days if equity markets continue to struggle. Eurozone and UK PMIs are the week's focus.
A global stock market dip is weighing on the British Pound, reminding us that the stars can't always align for 2024's stellar performer.
The Pound to Euro exchange rate hit a new two-year high at 1.1920 on Monday, but inflation, wage and retail sales data will determine whether this hot streak extends.
Pound to Euro Rate Eyes Strongest Weekly Finish in Two Years, But a Risk-filled Week Looms
- Category: EUR
The Pound to Euro exchange rate (GBP/EUR) is looks set to record its highest weekly finish in two years, but recent gains would be reversed if next week's employment and inflation data undershoots.
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