Rabobank: UK Fundamentals Won't Justify Further Pound Gains, 12-Month GBP/EUR Forecast 1.15

  • The Pound to Euro exchange rate (GBP/EUR) has settled below 1.19 after a brief surge to 7-week highs at 1.1970 in late May. Rabobank notes that there have been positive Pound developments with solid data and the announcement of trade deals.