November 11, 2024 – Written by John Cameron
STORY LINK Pound Euro Exchange Rate Rises as USD Continues to Climb
The Pound Euro (GBP/EUR) exchange rate climbed on Monday, as the US election results continued to boost the US Dollar (USD) and thereby pressure the Euro (EUR).
At the time of writing, GBP/EUR traded at €1.2074, up around 0.2% on the day.
The Euro faced challenges on Monday due to its strong negative correlation with the US Dollar, which put it under pressure.
After Donald Trump’s victory in the US presidential election…
Read More
