January 31, 2024 – Written by John Cameron
Leave a comment STORY LINK Pound to Euro Rate Today: Eurozone Avoids Recession
The Pound to Euro exchange rate hit 5-month highs just below 1.1750 on Monday before a retreat to 1.1710 on Tuesday.
Slightly disappointing UK credit data and better-than-expected Euro-Zone GDP data triggered a Pound correction.
According to flash data, Euro-Zone GDP was unchanged in the fourth quarter of 2024 compared with expectations of a 0.1% decline.
The third-quarter figure was confirmed at a 0.1% decline with the Euro area just avoiding a technical recession,…
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