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GBP/EUR Outlook: Pound to Euro Exchange Rate Dips amid Risk-off trade


At the time of writing the pair are currently trading at around 1.4732.
Pound (GBP) Weakens as Risk-off Mood Increases
The Pound has weakened this morning as the recent rally regarding the UK Government’s exit plan out of lockdown appears to have run out of steam.
Pound investors readily await Bank of England (BoE) Haldane’s speech this afternoon, with hawkish commentary surrounding UK inflation and the recovery of the UK’s economy expected.
Furthermore, markets prepare for Chancellor Rishi Sunak’s spring budget next week, with Sunak expected to skip over pay rises for NHS staff.
Sara Gordon, head of health at Unison, who have been campaigning for a £2000 increase in pay for NHS staff commented on the decision, saying: ....

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