The GBP/EUR exchange rate demonstrated notable movement, now rallying to 20-day highs around 1.1980 from earlier lows below 1.1850. However, CIBC offers a less favorable outlook for the Pound, predicting a retreat to 1.1765 over the next 12 months. This forecast will be crucial for traders strategizing for the long term. With economic factors influencing exchange rates, sustained monitoring of GBP/EUR movements can offer precious insights to navigate future market fluctuations. Adapting to economic data releases will be essential for traders aiming to align their strategies in accordance with anticipated market conditions and movements in GBP/EUR.