Two Blokes

MUFG Forecast: Sustained Fiscal Pound Sterling Vulnerability, GBP/EUR Target 1.13

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    Posted by Two Blokes Jul 27 - Filed in Forex - 4 views
    The Pound to Euro (GBP/EUR) exchange rate was subjected to significant selling pressure during the week with a slide to test 3-month lows around 1.1440. MUFG remains bearish on the Pound and continues to forecast that GBP/EUR will slide to 1.13.