-
Pound to Euro Forecast: Further Sterling Losses Ahead say SocGen Techs
Although there was slight relief that the UK managed to avoid a negative GDP figure for the third quarter, the data pointed to persistent stagnation and the Pound Sterling (GBP) failed to draw any support. Overall risk appetite has also dipped following hawkish comments from Federal Reserve Chair Powell which hampered the British Pound (GBP) in global markets. Confidence in the Euro-Zone is also notably fragile, but the Pound-to-Euro (GBP/EUR) exchange rate dipped to 1.1440 and close to 6-month lows. The ONS reported that GDP was unchanged for the third quarter compared with consensus forecasts of a 0.1% decline and ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Nov 12, 2023 7:04am Nov 12, 2023 7:04am
- biodunola07
- | Joined Nov 2006 | Status: Give us our daily pips | 38 Comments
With patience and discipline,you move beyond the sky
- Comment #2
- Quote
- Nov 12, 2023 11:56am Nov 12, 2023 11:56am
- Oylux
- | Joined Nov 2023 | Status: Natures Best. Nig 🇳🇬 | 16 Comments