FX Guys

Pound Euro (GBP/EUR) Exchange Rate Rangebound as UK Manufacturing Sector Slumps

April 3, 2023 – Written by John Cameron

Pound Euro (GBP/EUR) Exchange Rate Trends Sideways as Manufacturing Sectors Struggle

The Pound Euro (GBP/EUR) exchange rate traded in a narrow range on Monday. The pairing came under pressure from expectations of softer UK inflation, and confirmation of a downturn in UK manufacturing sector output.

Conversely, poor Eurozone manufacturing performance and…
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