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March 12, 2021 - Written by John Cameron
The Pound to Euro exchange rate is rangebound today as GDP data released from the UK shows that the economy shrank less than forecast in January.
At the time of writing the pair are currently trading at around 1.1681, as the Euro received support this morning as industrial production figures unexpectedly turned positive and German inflation data met forecasts.
Pound Sterling (GBP) Exchange Rates Slip as UK GDP Contracts 2.9%
The Pound dipped this morning, although GBP/EUR is trading in a narrow range, as UK GDP shrank 2.9% in January, less than the 4.9% forecast.
The contraction comes as the UK was plunged into a third national lockdown at the start of January to help combat the third, more deadly wave of the coronavirus pandemic. ....

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