October 2, 2024 – Written by John Cameron
Leave a comment STORY LINK Pound Euro Exchange Rate News: GBP/EUR Rangebound in Absence of Data
At the time of writing, GBP/EUR traded at around €1.2004, virtually the same as its opening level.
The Pound (GBP) was muted on Wednesday as a lack of UK economic data left Sterling struggling to find a clear direction.
As a result, the increasingly risk-sensitive British currency also faced some pressure due to a prevailing risk-off market mood.
Investors were anxious about the escalating conflict in the…
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