Home EUR GBP/EUR: Pound Trades At 9 Month High

GBP/EUR: Pound Trades At 9 Month High

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16th February 2021

The Pound Euro (GBP/EUR) exchange rate is building on gains as it targets €1.15.

The Pound remains well supported by lockdown easing optimism amid a rapid covid vaccination rollout.

The Prime Minister is expected to announce the path out of lockdown next Monday 22^nd February, raising hopes of a speedy economic recovery.

There is no high impacting UK economic data due today.

The Euro started the week on the back foot following dovish comments from the President of the Eurogroup.

Attention will now turn to ZEW German economic sentiment data and Q4 GDP data for the Eurozone.

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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.