FX Guys

Pound Euro Exchange Rate Subdued amid ‘Trump Trade’

November 17, 2024 – Written by David Woodsmith

The Pound Euro (GBP/EUR) exchange rate traded sideways on Thursday as ‘Trump trade’ weighed on both currencies, with the Republican Party retaining control of the House of Representatives.

At the time of writing, GBP/EUR traded at €1.2021, virtually unchanged from the start of the session.

The British Pound (GBP) had a difficult day on Thursday, losing value against stronger currencies and staying flat elsewhere. This was due…
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