Sarah Ebrahem | Euro Exchange Rate News
Author profile of Sarah Ebrahem at Euro Exchange Rate News
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Author profile of Sarah Ebrahem at Euro Exchange Rate News
The EUR/GBP exchange rate is losing ground today after the latest Eurozone PMI shows a contracting manufacturing and service sector activity.
Pound Euro Exchange Rate News: GBP/EUR Drops amid UK Inflation Shock | Currency News UK
Pound US Dollar Exchange Rate News: GBP/USD Falls in Risk Averse Trade | Currency News UK
March 4, 2021 - Written by John Cameron The Pound to Australian Dollar (GBP/AUD) exchange rate lost its footing even as the UK construction PMI bettered forecasts. Although forecasts had pointed towards an uptick in the PMI the index surprised investors by jumping from 49.2 to 53.3 on the month. This suggests that the construction sector returned to a state of solid growth in February, in spite of the ongoing pressures stemming from the Covid-19 crisis. However, the ultimate impact of the data was ultimately limited thanks to the fact that the construction sector only accounts for a small fra...