The Pound Euro exchange rate is rising as the end of a volatile week.
The Pound dropped yesterday as investors started to question the BoE’s ability to hike rates aggressively if the siltation in Ukraine continues to escalate, potentially hurting global growth. The pound is on the rise today as the market mood improves.
The euro fell yesterday before recovering as Biden announced sanctions, which avoided energy.
Today the pair is rising as risk sentiment improves. There is plenty of data including French inflation and German GDP data for investors to digest.
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