FX Guys

GBP/EUR Exchange Rate Outlook: Pound Muted despite Underwhelming Eurozone Data

December 6, 2024 – Written by John Cameron

The Pound Euro (GBP/EUR) exchange rate traded mostly sideways on Thursday following the release of the Eurozone’s latest retail sales data.

On Thursday, the Euro (EUR) gained strength against several other currencies but remained subdued against the Pound (GBP) despite the release of some underwhelming domestic data.

The Eurozone’s retail sales index for October dropped…
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