The pound euro (GBP\/EUR) exchange rate is rebounding after steep losses of almost 2% last week.<\/p>\n
The pound fell last week after the BoE warned of a long recession and a lower peak interest rate level.<\/p>\n
The upbeat market mood is helping the pound even though the outlook for the economy is weak. Consumers are expected to spend less this key festive period.<\/p>\n
The euro is falling despite stronger than expected German industrial output, with rose 0.6% MoM in September, up from -0.8% and ahead of the 0.2% forecast.<\/p>\n
ECB’s Panetta is due to speak later in the session.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
The pound euro (GBP\/EUR) exchange rate is rebounding after steep losses of almost 2% last week. The pound fell last week after the BoE warned of a long recession and a lower peak interest rate level. The upbeat market mood is helping the pound even though the outlook for the economy is weak. Consumers are […]<\/p>\n","protected":false},"author":163946598,"featured_media":5643,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[1395,1394,2410],"class_list":["post-113372","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eur","category-gbp","tag-eur","tag-gbp","tag-gbp-eur"],"acf":[],"yoast_head":"\n