The Pound Euro (GBP/EUR) exchange rate is edging higher at the start of the week.
The Pound rose moderately last week after full scale post-Brexit checks were delayed for a fourth time. However concerns over slowing economic growth and fears of recession will keep gains capped.
The BoE are expected to raise rates by 25 basis points on Thursday.
The Euro traded lower last week as tensions with Russia intensified and concerns over stagflation rose.
Eurozone GDP grew at 0.2% a slower pace than expected, yet inflation rose to a record high of 7.5% YoY.
Eurozone manufacturing PMI and consumer confidence are in focus.
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.
