The Pound Euro (GBP/EUR) exchange rate is trading marginally lower at the start of the week. However, the pair remains comfortably above €1.10.
The Pound is under pressure as Brexit concerns linger. Talks are still dragging with few signs of a breakthrough ahead of the 15th October deadline. More talks are planned for this week.
UK service sector PMI reading is in focus. Expectations are for 55.1 in September, whereby 50 separates expansion from contraction.
Euro (EUR) slipped last week amid higher covid infections and after inflation fell further below zero last month. The ECB will now have more ammunition to loosen monetary policy further before the end of the year.
Currencylive.com is a news site only and not a currency trading platform. Currencylive.com is a site operated by Wise US 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.
