Two Blokes

High Yields Support Pound Sterling, Until They Don't: GBP/EUR Target 1.11

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    Posted by Two Blokes Jun 9 - Filed in Forex - 3 views
    The Pound to Euro (GBP/EUR) exchange rate retreated to just below 1.1850 on Thursday before a recovery to 1.1870. Morgan Stanley expects high yields will support the Pound, possibly for an extended period, but with the risk of a sudden reversal as confidence slides.