Story perspectives
Euro Gains as Pound Faces Fiscal Pressures Ahead
10/4/2025
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Story summary
- Commerzbank says stimulus should boost eurozone growth, lifting the euro to 1.1450 against the pound.
- Lloyds Bank warns the pound could slip below 1.1400 amid UK fiscal stress.
- Mitsubishi UFJ Financial Group (MUFG) forecasts GBP/EUR at about 1.11 by mid-2026, citing vulnerabilities and tax hikes.
- UK gilts remain stable, but risk of fresh selling grows amid widening international investment liabilities.
