The Pound to Euro exchange rate could see volatility this week - albeit within a constricted range - as we navigate the release of UK wage and inflation data.
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Euro exchange rates are under pressure ahead of the weekend amidst signs members of the ECB's Governing Council are agitating for interest rate cuts.
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Euro exchange rates were broadly softer after the ECB announced interest rates would be kept unchanged but indicated that it was on course to cut them in June.
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The Pound to Euro exchange rate has risen ahead of the European Central Bank's March interest rate decision, with analysts saying the Eurozone's single currency saying it looks cheap.
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We expect Pound Sterling to recover against the Euro this week, but our confidence in a rebound is lower than at the same point just one week ago.
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Pound Sterling can fall further against the Euro, according to a strategy call by a Reuters market analyst.
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The Euro touched daily lows against the Pound and Dollar following the release of softer-than-forecast inflation data that firmed expectations for a June rate cut at the European Central Bank (ECB)…
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