Pound to Euro Exchange Rate Forecast: GBP/EUR Stagnation Around €1.20

Pound to Euro Exchange Rate Forecast: GBP/EUR Stagnation Around €1.20

January 6, 2025 – Written by Frank Davies

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The Pound to Euro (GBP/EUR) exchange rate traded in a narrow range on Monday as investors reacted to Germany’s latest inflation data.

The Euro (EUR) gained ground on Monday after Germany’s latest consumer price index (CPI) data exceeded market expectations.

The report revealed that inflation in Germany rose from 2.2% to 2.6% in December, outpacing the forecasted increase to 2.4%…
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