December 17, 2023 – Written by Frank Davies
STORY LINK Pound Sterling Boosted After Rebound in UK Services Activity
GBP/EUR Exchange Rate Strengthens as Rebound in UK Services Activity Boosts the Pound
UK services-sector activity strengthened to a 6-month high for December while the Euro-Zone economy remained in contraction territory.
The UK data gave some credibility to Bank of England hawkish rhetoric while doubts that the ECB stance is realistic will tend to increase.
In response, the Pound to Euro (GBP/EUR) exchange rate rebounded to just…
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