December 5, 2024 – Written by John Cameron
STORY LINK Pound to Euro Subdued following UK and Eurozone PMIs
The Pound Euro (GBP/EUR) exchange rate was mostly flat on Wednesday following the release of the UK’s and the Eurozone’s finalised services PMIs.
On Wednesday, the Pound (GBP) experienced a slight rise against several major currencies, driven by a mix of positive factors.
Firstly, Bank of England (BoE) Governor Andrew Bailey’s comments gave the Pound a lift, as he reaffirmed his commitment to a gradual easing of UK monetary policy.
Moreover,…
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