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Pound Euro (GBP/EUR) Exchange Rate Boosted by UK Inflation Figures

April 19, 2023 – Written by John Cameron

Pound Euro (GBP/EUR) Exchange Rate Climbs after UK Inflation Data

The Pound Euro (GBP/EUR) exchange rate was lifted on Wednesday by better-than-expected UK inflation figures. The pairing was pushed higher by an intensification in bets on a 25bps interest rate hike from the Bank of England (BoE) at their May meeting.

On the other hand, a retreat in global risk…
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