The EUR GBP exchange rate was lower on Monday after the Bank of England governor hinted at a rate hike sooner than expected due to inflationary pressures. Andrew Bailey’s pre-written comments would also not have accounted for fuel prices touching an eight-year high in the UK due...
The EUR GBP exchange rate was higher on Monday by 0.15% as traders await the latest German consumer confidence data. Results were also being counted for the German election, but markets expect a three-way coalition for the country with months of talks to form a coalition.
The EUR...
The EUR GBP exchange rate was lower on Thursday as weaker PMI data for the European and German economies signalled a slowdown in the economic rebound. The Bank of England also released their interest rate and monetary policy thoughts with the bank holding rates steady and warning...
Hope remains that the looming deadline will force both sides into some form of agreement. However, the somewhat negative rhetoric emanating from both camps has kept the sterling to euro rate down.
The Euro to Pound exchange rate has been gradually climbing since Monday, with the pair trading at its best level of the week at the time of writing. Monday was bad day for the pair as the Pound had its best day against the Euro in around...
Currently, mid-market levels for euro to pound is at a 2-month high at 0.897 on midmarket rates showing the recent strength for the single currency whilst euro to US dollar has been making continuous inroads against the USD as the start of May at 1.08 has grown...
