December 16, 2024 – Written by David Woodsmith
STORY LINK Pound to Euro Rate Rebounds as UK Inflation Pressures Trump Business Fears
The Pound to Euro exchange rate (GBP/EUR) dipped to 2-week lows just above 1.2000 on Monday before a recovery to 1.2040 after the latest round of data releases.
UK business confidence data was uninspiring at best, but evidence of upward pressure on prices reinforced expectations of a cautious Bank of England stance which helped support the Pound.
ING commented; “Services…
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