GBP EUR Exchange Rate Near Week s Best As Ursula Von Der Leyen Confirms Path To Agreement Now
Following last week’s losses, the British Pound to Euro (GBP/EUR) exchange rate has been trending with an upside bias this week. It has been largely due to speculation that a Brexit deal will still be reached, and expectations for more coronavirus restrictions in the Eurozone are making it harder for the Euro to hold its best levels as well. In the coming sessions, Brexit will remain the primary driver of Pound exchange rates.
Last week saw GBP/EUR open the week at the level of 1.1088 and spend the week trending with a downside bias. GBP/EUR touched on a low of 1.0837 towards the end of the week, the pair’s worst level in two and a half months.
FED Preview: No Further Easing Expected Until Clarity On Fiscal Package
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UK Economy: Manufacturing Sector Strengthens In December, Pound Focused On Brexit
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