November 18, 2024 – Written by Tim Boyer
STORY LINK Pound Euro (GBP/EUR) Exchange Rate Bounces off 12-Week Low
The Pound Euro (GBP/EUR) exchange rate fell to a 12-day low on Monday morning, before regaining some losses, amid a souring market mood.
The Pound (GBP) initially faced challenges on Monday, slipping against safer peers as a deteriorating market mood weighed on the increasingly risk-sensitive currency.
Meanwhile, certain UK economic news stories added pressure to the Pound in the absence of significant data releases.
One…
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