Home EUR GBP/EUR: Pound Firms, German GDP In Focus

GBP/EUR: Pound Firms, German GDP In Focus

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25th August 2020

The Pound Euro (GBP/EUR) exchange rate is trending higher, snapping a two day losing streak.

Brexit concerns had dragged on the Pound as little progress was made in last week’s 7th round of Brexit trade talks. However, Pound traders are in a more optimistic mood today, encouraged by UK covid statistics.

German GDP and German IFO business sentiment data are in focus. The German GDP final reading for the second quarter is expected to confirm -10.1% contraction. The Business sentiment index could slip as business grow anxious over a second wave of coronavirus.

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Currencylive.com is a site operated by Wise Inc. ("We", "Us"), a Delaware Corporation. We do not guarantee that the website will operate in an uninterrupted or error-free manner or is free of viruses or other harmful components. The content on our site is provided for general information only and is not intended as an exhaustive treatment of its subject. We expressly disclaim any contractual or fiduciary relationship with you on the basis of the content of our site, any you may not rely thereon for any purpose. You should consult with qualified professionals or specialists before taking, or refraining from, any action on the basis of the content on our site. Although we make reasonable efforts to update the information on our site, we make no representations, warranties or guarantees, whether express or implied, that the content on our site is accurate, complete or up to date, and DISCLAIM ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. Some of the content posted on this site has been commissioned by Us, but is the work of independent contractors. These contractors are not employees, workers, agents or partners of Wise and they do not hold themselves out as one. The information and content posted by these independent contractors have not been verified or approved by Us. The views expressed by these independent contractors on currencylive.com do not represent our views.