BNP Paribas: Global Dynamics will Undermine the Pound, End-2026 GBP/EUR Forecast 1.1365

  • The Pound to Euro (GBP/EUR) exchange rate dipped to 3-month lows at 1.1500 this week before a tentative recovery to near 1.1540. BNP Paribas expects global developments will dominate the Pound over the next few months with tariff-related fears likely to undermine the UK currency.