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Pound Euro Exchange Rate Holds Steady Following PMI Releases

September 5, 2024 – Written by John Cameron

The Pound Euro (GBP/EUR) exchange rate experienced minimal movement on Wednesday following the release of the UK’s and Eurozone’s finalised services PMIs.

At the time of writing, the GBP/USD was trading at around $1.3134, virtually unchanged from Tuesday’s opening levels.

The Pound managed to maintain its position against most of its major counterparts on Wednesday, thanks to the release of the UK’s crucial services PMI….
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