Pound Euro (GBP/EUR) Exchange Rate Falls amid Souring Market Mood

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Pound Euro (GBP/EUR) Exchange Rate Falls amid Souring Market Mood

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April 25, 2023 – Written by John Cameron

The Pound Euro (GBP/EUR) exchange rate weakened during Tuesday’s European session, as a risk averse market mood elevated the Euro above Sterling.

However, due to strength in the US Dollar, the single currency was unable to gain ground against most other peers.

At the time of writing, GBP/EUR traded at around €1.1276, a fall of roughly 0.3% from Tuesday’s opening rates.

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