MUFG predicts Pound to Euro rate will strengthen to 1.22 due to Euro-Zone issues and potential U.S. trade tensions.

MUFG analysts predict the Pound to Euro (GBP/EUR) rate will strengthen towards 1.22, influenced by Euro-Zone issues and potential trade tensions under Trump's presidency. The Bank of England cut interest rates by 0.25%, from 5% to 4.75%, boosting the Pound. The Euro faces further pressure due to Germany's political instability and concerns about tariffs on European exports.

November 10, 2024
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