October 23, 2024 – Written by John Cameron
STORY LINK Concerns Over UK Borrowing Sends Pound to Euro Exchange Rate Lower
The Pound to Euro (GBP/EUR) exchange rate weakened on Tuesday, as markets reacted to worrying UK borrowing data.
At the time of writing, GBP/EUR was trading at approximately €1.1985, down about 0.2% from Tuesday’s opening rates.
The Pound (GBP) stumbled on Tuesday as markets reacted to the release of the UK’s latest public borrowing figures.
According to the Office for National Statistics (ONS), the UK government…
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