FX Guys

Pound Euro (GBP/EUR) Exchange Rate Ticks Up amid Upbeat Trade

December 10, 2024 – Written by Ben Hughes

The Pound Euro (GBP/EUR) exchange rate firmed on Monday as the currency pair was underpinned by the start of the week’s cheery market conditions.

On Monday, the Euro (EUR) had a tough time attracting investor interest due to a combination of sparse economic data and a generally positive market sentiment, which tends to diminish the appeal of the common currency.

As a safe-haven asset, the Euro often loses ground when…
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