FX Guys

GBP/EUR Rangebound despite Downbeat German Data

September 26, 2024 – Written by John Cameron

The Pound Euro (GBP/EUR) exchange rate treaded water on Tuesday following the publication of Germany’s IFO business climate index.

At the time of writing, the GBP/EUR was trading at around €1.2021, virtually unchanged from Tuesday’s opening levels.

The Euro (EUR) remained steady against most of its peers on Tuesday, despite the release of disappointing economic data from the Eurozone.

Germany’s latest IFO business climate index, published…
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