Foreign exchange analysts at Danske Bank forecast the Pound Sterling (GBP) will retreat to 1.1365 against the Euro (EUR) on a 12-month view. While this tallies with the consensus among analysts, currency strategists at CIBC and Scotiabank foresee GBP/EUR gains by the end of 2023. The Pound to Euro (GBP/EUR) exchange rate has posted strong gains during the week. Markets took a slightly positive view over UK yields with expectations that the Bank of England (BoE) would be the last major central bank to stop rate hikes. The pair also received a boost from a Euro slide after the ECB policy decision. GBP/EUR advanced to a ... (full story)