Euro Pound Exchange Rate Struggles to Recover after Yesterday’s Dovish ECB A dovish tone from the European Central Bank (ECB) made it harder for the Euro Pound (EUR/GBP) exchange rate to mount any notable recovery towards the end of the week. This is despite the Pound (GBP) being weakened by fresh Brexit concerns. Persisting Euro (EUR) weakness has kept EUR/GBP tumbling in recent weeks. This week, EUR/GBP has once again shed around half a pence, Since opening this week at the level of 0.8611, EUR/GBP has fallen and briefly touched on a yearly low of 0.8551. At the time of writing on Friday, EUR/GBP is trending in the region of 0.8561, just above those worst levels in over a year.