The GBP/EUR exchange rate dipped to seven-week lows below 1.1700 last week due to geopolitical tensions following strikes on Iran. As the pair settles around 1.1730, analysts express concerns about the currency’s ability to recover significantly. Danske Bank forecasts a continued decline to approximately 1.15 over the next 6 to 12 months. Investors remain engaged as they navigate the interplay of economic factors and market sentiment in decision-making.