Wednesday saw impressive gains for the British pound against the euro; however mid-morning trade in London is seeing these gains erased.
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Wednesday has seen the meteoric rise of the pound to euro exchange rate which has shot higher to hit the 1.21 level.
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The outlook for the pound to euro exchange rate is positive as the euro comes under mounting pressure right across the breadth of the global FX market place.
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The euro rate today: EUR sent lower by a stronger US dollar and pound sterling on Wednesday as markets ignored some good data on the retail sales front.
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The euro rate is today firm even as Eurozone inflation falls yet further and German unemployment ticks up. Why is the euro so strong then? We offer a reason in today's EUR coverage.
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The euro is likely to continue its decline against the British pound in the medium-term say analysts at Swissquote Bank.
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The British pound remains above the 1.2 threshold against the euro on Tuesday morning. The next big driver of the exchange rate is likely to be the first Bank of England MPC policy decision of 2014…
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