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Pound To Euro Rate Forecast: Bank Of America Revises GBP/EUR Outlook
Currency exchange analysts at Bank of America revised higher their Pound to Euro (GBP/EUR) exchange rate outlook last week. Instead of expecting a rise in the EUR/GBP to 0.91 (equivalent to a fall in GBP/EUR to 1.0990), the bank's strategists now anticipate the Euro to Pound rate to rise to around the 0.85 mark (or 1.1765 for Pound to Euro) up until late 2024. Currency analysts at Credit Agricole, however, consider Pound Sterling is overbought. The British Pound (GBP) maintained recent strength against the Euro (EUR) last week, something even more impressive given Euro's gains in global markets. The week's session ... (full story)