Analysts at Capital Economics say Pound-Euro could now be set for a protracted spell of depreciation.
The British Pound was boosted Monday after a Bank of England interest rate setter said it is too soon to cut interest rates next month.
Pound Sterling: Labour Landslide Win Underpins Constructive Outlook Against Euro (and Maybe the Dollar)
- Category: GBP
The British Pound is unresponsive to news Labour has won a landslide General Election.
The British Pound enters General Election 2024 with a spring in its step, but there could be some wobbles around 10 PM when the exit poll is released. Here's what to look out for.
- Political Stability Bags Pound Sterling an Upgrade against Euro and Dollar
- Pound Sterling Firms: Rising Incomes and Falling Inflation Boost UK Economic Growth
- Pound Sterling Pressured By Euro and Dollar as Global Markets Fear Inflation's Return
- Pound Sterling Could Sling-shot 1.20 against Euro Says One Analyst