Goldman Sachs: Bank of England to Accelerate Rate Cuts, 12-Month GBP/EUR Forecast 1.15

  • The Pound to Euro (GBP/EUR) exchange rate dipped to 7-week lows fractionally below 1.1700 last week before trading around 1.1740. Goldman Sachs expects a faster pace of Bank of England interest rate cuts will be the crucial factor underlying net Pound support over the medium term.