Site icon Currency Live

GBP/EUR: Pair rises towards €1.1875

GBP/EUR: Will UK Inflation Data Pull Pound Lower vs. Euro?

The pound euro (GBP/EUR) exchange rate rose on Friday after two days of losses.

The pound was marginally higher last week after UK services PMI data showed that the dominant sector expanded more than expected.

Attention is being directed to UK GDP and jobs data next week, which will provide further insight into the reliance on the UK economy.

The EUR fell modestly last week after the ECB cut rates by 25 basis points as expected. ECB President Lagarde was more hawkish than expected, offering some support.

Exit mobile version