GBP/EUR exchange rate week review: pound trapped in narrow range against euro
The pound was rangebound against the euro after central banker comments and economic data extend rate cut projections.
Tom Vicary
GBP/EUR exchange rate February review: pound hits eighteen-month high against euro
Robust UK employment data lifted the GBP/EUR exchange rate to an eighteen-month high in February, before static inflation, dire GDP numbers and hawkish ECB comments eroded its gains.
GBP/EUR exchange rate midweek update: euro boosted by ECB interest rate comments
(28/02/2024)
The GBP/EUR exchange rate was subdued on Monday morning in anticipation of Bank of England (BoE) and European Central Bank (ECB) speeches, before drifting below 1.17 once they were delivered.
The euro was spurred by ECB President Christine Lagarde, who refused to provide clues on
GBP/EUR exchange rate week review: pound recovers from five-day low against euro
(19/02/2024 to 23/02/2024)
The GBP/EUR exchange rate crept above 1.17 on Monday, managing to shrug off heightening Bank of England (BoE) interest rate cut bets and UK economic lethargy – a sanguine mood that was soon eroded by a lack of fresh economic data releases.
How using a forward contract can protect your money
Hope isn't stategy when managing your exposure to currency risk. Be proactive by locking in a current rate for future payments using a forward contract.
Should I try and predict currency market movements?
Exchange rates are inherently unpredictable. So, don't try and second guess the markets by relying on potentially inaccurate forecasts.
Inside the currency markets: 5 factors that influence exchange rates
Understand the variables that influence exchange rates so you can make informed decisions when making international payments.