Convera strategist Antonio Ruggiero said higher UK gilt yields should support the pound versus lower-yielding safe-haven currencies, but markets have largely priced a larger Bank of England tightening, limiting further upside. He expects GBP/EUR to trade around 1.1920-1.20.

2026-11-11

Convera strategist Antonio Ruggiero said higher UK gilt yields should support the pound versus lower-yielding safe-haven currencies, but markets have largely priced a larger Bank of England tightening, limiting further upside. He expects GBP/EUR to trade around 1.1920-1.20.