Natixis: If UK economic data exceeds expectations, the pound may appreciate

GoldenOctober2024

2024-09-09 11:37:34

On September 9th, Jinshi Data reported that SocGen said in a report that the economic differences between the euro zone and the UK this year are Favourable Information for the pound. If the data announced by the UK later this week exceeds expectations, the pound may rise further. SocGen forex strategist Kit Juckes said that the pound has been the best-performing European currency this year, but it has been stagnant in the past few weeks. He said that if the UK labor market data on Tuesday and the economic rise data on Wednesday are stronger than expected, the euro to pound (EUR/GBP) may fall below 0.84.

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