Site icon Currency Live

GBP/EUR: Pair end the week with gains

GBP/USD: Pound Stronger vs Dollar Ahead Of Brexit Vote

The pound-euro exchange rate finished last week in positive territory, up 0.46% across the week.

The pound recovered from the BoE-inspired selloff on Thursday. The central bank cut rates by 25 bps, but the vote was more dovish than expected.

On Friday, data showed that UK house prices rose in January by 0.2% MoM.

The EUR fell on Friday despite the German trade surplus widening, with exports rising 2.9% and imports increasing 2.1%.

The EUR has struggled across the week amid lingering concerns over Trump trade tariffs.

Exit mobile version