The Pound Euro (GBP/EUR) exchange rate is edging a few points lower on Monday, consolidating gains from the previous week.
Whilst covid numbers remain elevated in the UK, the covid vaccine rollout is accelerating. Expectations are rising that UK lockdown conditions a will start ease in March. The government says it is still on track to inoculate 15 million of the most vulnerable people by then.
The Euro remains under pressure on he back of USD strength and as Pfizer’s covid vaccine runs into distributions problems in Europe.
Looking ahead the ECB rate decision will be in focus later in the week.
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.
