ING Forecast: Summer Joy for the Pound, GBP/EUR Could Reach 1.22

  • After sliding to below 1.15 during April amid fears over global trade wars, the Pound to Euro (GBP/EUR) exchange rate has recovered to 6-week highs near 1.1900. The recovery in risk appetite and a strong rebound in equities has been a key factor supporting the Pound in global markets while defensive Euro support has faded following a.