Foreign exchange analysts at HSBC suggest that the Pound Sterling's (GBP) current valuation against the Euro EUR) and US Dollar (USD) seems appropriate, however warn that any significant decline in UK wage growth could prompt a more cautious reassessment of future BoE interest rate expectations. Moreover, the bank's analysts note that the Pound-to-Dollar rate (GBP/USD) trajectory hinges on the USD's market sentiment, while the Euro-to-Pound rate (EUR/GBP) will be influenced by the ECB's rate outlook. At the time of writing, 01/09/2023, the Pound to Euro exchange rate (GBP/EUR) is -0.13% lower at 1.16717. The Pound to ... (full story)