The Pound Euro (GBP/EUR) exchange rate is pushing higher on Friday, looking towards €1.19 after steep losses yesterday.
The Pound fell yesterday even though the BoE raised interest rate by 0.25%, marking the third meeting of hikes.
The rate hike takes interest rates back up to 0.75% the level that they were before the pandemic. There is no high impacting data due today.
The Euro gained ground yesterday despite mixed reports from peace talks. Today the euro is under pressure as peace talks appear to be close to collapse.
Eurozone trade data is due later but news surrounding peace talks will likely be the biggest influence on the pair.
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