September 3, 2024 – Written by John Cameron
Leave a comment STORY LINK Pound Euro Exchange Rate Outlook: GBP/EUR Slips despite Downbeat Eurozone PMI
The Pound Euro (GBP/EUR) exchange rate fell Monday despite news of improving manufacturing activity in the UK.
At the time of writing, GBP/EUR was trading at €1.1867, down approximately 0.2% from Monday’s opening rate.
The Pound (GBP) struggled to climb higher on Monday despite the publication of an upbeat British manufacturing PMI.
The UK’s finalised manufacturing index confirmed that the sector expanded…
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