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Posted by
Two Blokes 11 hours ago -
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Forex
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After a slide to 14-month lows below 1.1450, the Pound to Euro (GBP/EUR) exchange rate has recovered steadily to 3-week highs around 1.1770 amid a rebound in risk appetite and equities. CIBC has reservations over the UK economic outlook and forecasts that GBP/EUR will retreat to 1.1630 at the end of 2025 with no change in 2026.
