Risk Rebound Underpins Pound Sterling Outlook, GBP/EUR to Break Key Level

  • Pound Sterling has held firm against the Euro and US Dollar in global markets, underpinned by the net recovery in risk appetite and a solid UK retail sales report. The Pound to Euro exchange rate (GBP/EUR) hit 2-week highs around the key level of 1.1730 before settling around 1.1710.