Sterling Euro exchange rates have hit 1.28 during today’s trading session as the UK confirmed that interest rates will be kept on hold again.
With industrial production figures due out tomorrow morning at 9am if the figures are better than expected we could see Sterling rally against the Euro. The expectation is for 0.3%.
At the same time UK manufacturing data is released and this could impact upon GBPEUR exchange rates.
The Bank of England minutes are not due out until 23rd January and during that same week the ECB meets to discuss potential QE and also we have the Greek election on 25th January.
Against the Dollar the Euro is at its lowest level for 9 years!
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