The Pound to Euro exchange rate has retreated from near two month highs and could fall further toward 1.17 this week if all goes well for the European Central Bank (ECB) on Thursday but there’s also a flurry of UK economic data due out that could potentially incite Sterling into another climb above 1.18 beforehand.
July 18,2022
"A political vacuum could send Italian spreads above 250bp without help by the ECB, and add pressure to the euro"
July 15,2022
Pound under pressure as Nordstream 1 gas pipeline closes for maintenance and fears are elevated that it might not reopen.
July 14,2022
The Pound to Euro exchange rate has recovered the 1.18 level with the help of a spiralling Euro and ousting of another Prime Minister from the Banana Republic of Westminster but the risk is that all of this has merely just scripted Sterling into a rerun of The Post-mortem Cat Show.
July 11,2022
The gains would suggest the currency had been carrying a degree of political risk premium that looks to have now been covered to a certain extent.
August 2,2022
GBP/EUR has appreciated this week as EUR/USD falls faster than GBP/USD. But any corrective EUR/USD rally to pressure GBP/EUR.
August 2,2022
The Pound to Euro exchange rate shifted higher during the opening half of the week owing to large and widespread declines by the Euro, and the single currency is again likely to be instrumental in determining if Sterling ends the week back down around 1.1622 or further up near to the 1.18 handle.
July 7,2022
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