May 27, 2024 – Written by John Cameron
STORY LINK GBP/EUR Exchange Rate Consolidates Below Key Resistance
Pound Supported by Disappointing German Data, GBP/EUR Consolidates Below Key Resistance
The Pound to Euro exchange rate (GBP/EUR) held firm on Monday and traded around 1.1745.
Trading volumes were inevitably low with UK markets on holiday while US markets will also be closed on Monday.
The Euro was hampered by weaker-than-expected German business confidence data while overall Pound sentiment held firm.
Overall confidence in the Euro-Zone economy…
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