April 14, 2023 – Written by John Cameron
STORY LINK Pound Euro (GBP/EUR) Exchange Rate Stumbles amid GBP Profit Taking
Pound Euro (GBP/EUR) Exchange Rate Stumbles amid GBP Profit Taking
The Pound Euro (GBP/EUR) exchange rate weakened on Friday, as a lack of economic data prompted profit taking against Sterling.
At the time of writing, GBP/EUR traded at around €1.1309, a fall of roughly 0.2% from Friday’s opening rates.
Pound (GBP) Edges Lower amid Lack of Economic Data
The Pound (GBP) saw a lack of support during Friday’s European session, as a lack of impactful data releases kept sentiment towards Sterling lowered.
Because of this, the…
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