Core Viewpoint - The report from Société Générale suggests that the British pound may face downward pressure against the euro due to its strong performance since the beginning of the year being perceived as excessive [1] Group 1: Market Sentiment - The market previously misjudged the expectations of a significant interest rate cut by the Bank of England, leading to an overly pessimistic sentiment regarding the UK economy [1] - This misjudgment has recently been corrected, resulting in a weakening support for the pound [1] Group 2: Economic Growth Expectations - Growth expectations in the Eurozone are rising relative to those in the UK [1] - Historical trends indicate that the euro to pound exchange rate typically follows the differences in growth expectations between the two regions [1]
法兴银行:英镑兑欧元面临下行压力