March 13, 2024 – Written by John Cameron
STORY LINK Pound to Euro Exchange Rate Consolidates Close to 1.17
The Pound to Euro (GBP/EUR) exchange rate has found support just below 1.17 and edged above this level after the UK GDP data.
The Pound and Euro have both benefitted from robust risk conditions with the US S&P 500 index posted a fresh record high overnight while several European bourses have also posted record highs.
Apart from gains in equities, there have been no major Euro-Zone developments over the past 24 hours.