The Pound-to-Euro rate edged higher despite Sterling being one of the poorer performing major currencies last week and so may remain buoyant over the coming days.
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Pound Sterling is approximately 100 pips away from its 2021 highs against the Euro, a level that could be reached in the near-term say analysts.
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Risk sentiment remains a key impediment to Pound Sterling's rebound against both the Euro and Dollar, pushing back against the currency's improving domestic narrative.
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GBP/EUR supported at 1.16 as corrective pressure wanes, struggles to overcome 1.17 without lift from UK data.
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Those betting on a stronger Euro against the Pound were left disappointed after the European Central Bank (ECB) met expectations and said it would lower the pace of its pandemic era quantitative ea…
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Any surprises from the ECB's policy update on Thursday could determine price action for the Pound-to-Euro exchange rate over coming days and weeks.
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GBP/EUR could lose value over the next few days according to a new short-term technical analysis, although where it ends the week will likely rest with the outcome of Thursday's briefing from the E…
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