Eurozone PMI Beat Oils Euro / Pound Rate Above 0.92

The Euro to Pound rate spiked higher on Wednesday, breaking above 0.9200 EUR/GBP, after a major European business survey indicated a continued recovery in activity, especially in the Manufacturing sector of the region's economy.

GBP/EUR has fallen through some key levels in the mid-week session in line with our week-ahead forecast made at the start of the week, what can we expect next?

“A complete meltdown of UK key figures is already priced into EUR/GBP.”

The Euro lost ground on Tuesday after a survey of financial professionals in the region showed a marginally more pessimistic assessment of the future outlook for the economy, whilst concerns  for German exports also weighed.

Some food for thought for those watching what seems like the relentless decline in the GBP/EUR exchange rate.

The Pound to Euro exchange rate is still selling off on Brexit fears at the start of the new trading week. 

A big move in the Euro to Pound Sterling exchange rate might be brewing.

The Euro has fallen sharply against the Pound and US Dollar as the European Central Bank expresses concern over its value.