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The Pound to Euro exchange rate rallied further to reach three month highs last week with the aid of a handicapped single currency but could struggle to advance further in the days ahead owing to uncertainty about the outcome of Thursday’s Bank of England (BoE) interest rate decision.
August 1,2022
Euro exchange rates were higher on the final trading day of July, boosted by above-consensus inflation and GDP data.
August 2,2022
Surging EU gas prices are likely to keep the Euro under pressure say analysts who now fear a deep recession in the Eurozone over the coming winter.
August 2,2022
Fresh reports of restricted Russian gas supplies to Europe are heaping fresh pain on the Euro.
July 26,2022
The Pound to Euro exchange rate has been contained within a narrow range and could remain so in the days ahead with trade spanning the gap between roughly 1.1705 and 1.1787 this week unless European inflation data surprises notably on the upside, or GDP to the downside, of expectations this Friday.
July 25,2022
The Euro was sold on the release of German PMI data for July, which confirmed a sharper than expected economic slowdown is underway on the continent.
July 22,2022
GBP/EUR lost ground following ECB rate hike, but ultimately recovered as Italian politics, energy crisis and lack of details on TPI weigh.
July 22,2022
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