January 22, 2025 – Written by Frank Davies
STORY LINK Pound to Euro (GBP/EUR) Exchange Rate Drops Amid Rising UK Borrowing Costs
The Pound declined against the Euro on Wednesday as investors reacted to an unexpected surge in UK public sector borrowing.
At the time of writing, GBP/EUR exchange rate was trading around €1.1827, down approximately 0.2% from Wednesday’s opening levels.
The Pound (GBP) faced selling pressure on Wednesday morning following the release of disappointing UK public sector borrowing…
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