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The Pound to Euro exchange rate has been carried to one-year highs in recent trade but inflation data and a difficult interest decision for the Bank of England (BoE) could lead to volatility in fits and starts with risk of a top forming around a nearby resistance level on the charts in the days ahead.
June 19,2023
Pound Sterling was broadly higher ahead of the weekend as it printed fresh highs against both the Euro and Dollar.
June 16,2023
Euro exchange rates were higher after the European Central Bank (ECB) raised interest rates by 25 basis points and gave no indication it was considering an end to the interest rate hiking cycle.
June 15,2023
GBPEUR can extend its current rally over the coming days according to strategists at two investment banks.
June 14,2023
GBP/EUR close to one-year high after European data deteriorates, little scope for data to lift Bank Rate expectations or GBP further.
June 12,2023
The Pound to Euro exchange rate rose to 1.1680 ahead of the weekend, its highest level since December 2022 and a new high for 2023.
June 9,2023
GBPEUR breaking above key level on the charts, 1.1650 could thwart upside near-term.
June 8,2023
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