Pound Euro (GBP/EUR) Exchange Rate Edges Higher as Euro Succumbs to USD Strengthen

0 (0 votes)

The estimated reading time is less than a minute

Pound Euro (GBP/EUR) Exchange Rate Edges Higher as Euro Succumbs to USD Strengthen

7 Views

April 27, 2023 – Written by John Cameron

The Pound Euro (GBP/EUR) exchange rate firmed during Thursday’s trade, as the Euro was undercut by its negative correlation to the US Dollar.

At the time of writing, GBP/EUR traded at around €1.1314, an increase of around 0.2% from Thursday’s morning rates.

Euro (EUR) Weakens as US Dollar Climbs

The Euro (EUR) broadly weakened during Thursday’s session, as a strong showing from the US Dollar undermined the single currency.