Euro Pound (EUR/GBP) Exchange Rate Falls as Eurozone Retail Sales Fall in February | Euro Exchange Rate News
The Euro Pound (EUR/GBP) exchange rate dipped today, with the pairing currently fluctuating around £0.86. The EUR/GBP exchange rate suffered today following the release of the latest Eurozone Retail Sales data for February. The figure fell by -2.9%, slightly above forecasts. Bert Colijn, the senior economist for the Eurozone at ING, explains: ‘The February increase in Eurozone retail sales was seen in most countries but driven by boosts thanks to easing relief measures. However, they are still below the 6% level seen in October 2020. ‘Given that Italy saw restrictions ease in February, h...
Source: euroexchangeratenews.co.uk