Pound to Euro Today: GBP/EUR Rate Stuck at €1.18 as Ukraine Ceasefire Hopes Grow

Pound to Euro Today: GBP/EUR Rate Stuck at €1.18 as Ukraine Ceasefire Hopes Grow

March 12, 2025 – Written by Frank Davies

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The Pound remained near a six-week low against the Dollar on Wednesday as investors reacted to reports that Ukraine is open to a temporary ceasefire with Russia.

At the time of writing, the Pound to Euro (GBP/EUR) exchange rate was trading at approximately €1.1839, almost unchanged from Wednesday’s opening levels.

The Euro (EUR) found some support on Wednesday,…
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