The pound – euro (GBP/EUR) exchange rate is falling today but is set to gain 0.5% this week, snapping a 2 week winning run.
The pound has pushed higher this week, rising after the BoE left rates unchanged at 4.5% on Thursday and warned over an increasingly uncertain outlook.
Next week, the Chancellor’s Spring Statement, UK CPI, PMIs, and GDP data will all be in focus.
The EUR is falling this week after ECB President Chartine Lagarde warned about the impact of a trade war on economic growth. Trump is set to announce reciprocal tariffs in early April.
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