Pound Sterling commands a bullish bias against the Euro in the near term, but next week's inflation print could prompt meaningful losses if it comes in soft and solidifies a June rate cut at the Bank of England.
May 17,2024
GBP is a 'sell' against the EUR with some strategists and will unlikely regain its 2024 highs as the Bank of England sharpens the knife for a June interest rate cut.
May 15,2024
The Pound proved resilient following the release of above-consensus wage data, but it has lost ground following Huw Pill's latest speech.
May 14,2024
After two consecutive weeks of decline, the Pound to Euro exchange rate will need a strong wage print to end this week in the green.
May 13,2024
Pound Sterling continues to lose ground against the Euro in the run-up to Thursday's Bank of England decision.
May 9,2024
The Pound to Euro exchange rate could drop towards the April lows if this week's Bank of England guidance and forecasts point to a June interest rate rise.
May 6,2024
The Pound to Euro exchange rate could trade with a heavy tone through May as it becomes clear the Bank of England will consider cutting interest rates in June.
May 3,2024
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