The Pound to Euro (GBP/EUR) exchange rate briefly hit 1-month highs after the latest UK inflation data before settling just above 1.1700.

Danske expects the Bank of England (BoE) will be more aggressive than expected in cutting interest rates which will weaken GBP/EUR to 1.1235 in 12 months.

Headline UK inflation declined to 3.2% for… Exchange Rates UK – Exchange Rates and Foreign Exchange
The Pound to Euro (GBP/EUR) exchange rate briefly hit 1-month highs after the latest UK inflation data before settling just above 1.1700.

Danske expects the Bank of England (BoE) will be more aggressive than expected in cutting interest rates which will weaken GBP/EUR to 1.1235 in 12 months.

Headline UK inflation declined to 3.2% for… Exchange Rates UK – Exchange Rates and Foreign Exchange  Read MoreFX Insights, GBP to EUR, Pound Sterling Forecasts 

​Exchange Rates UK – Currency News