The Euro could come under fresh pressure against Pound Sterling as an unstable French government prepares to pass what will be a very unpopular budget.
Pound Sterling rose to its highest level of 2024 against the Euro after European Central Bank (ECB) President Christine Lagarde said signalled interest rates must come down faster.
The Pound to Euro exchange rate could register further gains in the coming days amidst ongoing positive momentum. However, significant post-Brexit resistance levels are in play here.
Barclays analysts maintain their optimistic outlook on the British pound (GBP) against other major currencies, particularly the euro (EUR).