Pound to Euro Rate Forecast: GBP/EUR Dented following Eurozone PMI

Pound to Euro Rate Forecast: GBP/EUR Dented following Eurozone PMI

November 4, 2024 – Written by John Cameron

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The Pound Euro (GBP/EUR) exchange rate lost ground on Monday following the publication of the Eurozone’s latest PMI data

At the time of writing, the GBP/EUR was trading at around €1.1892, down roughly 0.2% from Monday’s opening levels.

The Euro (EUR) managed to achieve moderate gains against most currencies on Monday, buoyed in part by the Eurozone’s recent manufacturing PMI data.

Although…
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