Pound Euro Exchange Rate Reaches 1.20 as Donald Trump Win Boosts Dollar

Pound Euro Exchange Rate Reaches 1.20 as Donald Trump Win Boosts Dollar

November 7, 2024 – Written by John Cameron

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The Pound Euro (GBP/EUR) exchange rate surged on Wednesday after the US’s general election results confirmed Donald Trump as the new US President.

At the time of writing, the GBP/EUR was trading at around €1.2004, up roughly 0.6% from Wednesday’s opening levels.

The Euro (EUR) plunged against most of its peers on Wednesday, significantly weakened by the outcome of the latest U.S….
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