July 21, 2024 – Written by Tim Boyer
Leave a comment STORY LINK GBP/EUR Exchange Rate Retreats from 11-Month Best
The Pound to Euro (GBP/EUR) exchange rate posted a fresh 11-month high just below 1.1930 on Wednesday, but was unable to hold the gains and retreated to just below 1.1900 after the latest UK data as markets continue to debate the outlook for UK interest rates.
The headline labour-market data was in line with expectations as the unemployment rate held at 4.4%, the highest reading since October 2021.
Provisionally, there was a reported 16,000 increase in payrolls for June after a revised…
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