Tom Vicary

The pound euro (GBP/EUR) exchange rate slumped in value as investors digested £40bn in tax rises that the UK Chancellor Rachel Reeve insisted are needed to plug a £22bn "black hole" in the nation's finances.

The pound euro (GBP/EUR) exchange rate gently meandered between the 1.19 and 1.20 ranges following the release of mixed macroeconomic data from both sides.

The pound euro (GBP/EUR) exchange rate was trapped in a narrow range amid a lack of market-moving data from either side, bringing upcoming PMI prints into sharp focus for investors.

The pound euro (GBP/EUR) exchange rate recovered from news of cooling UK inflation to strike a two-year high after the ECB cut interest rates for a second consecutive month.

The pound euro (GBP/EUR) exchange rate plummeted after UK inflation dropped well below the Bank of England's 2% target for the first time since 2021 - increasing the likelihood of further interest rate cuts.

The pound euro (GBP/EUR) exchange rate traded sideways amid a slew of economic indicators from both sides, including an encouraging UK GDP reading.

The pound euro (GBP/EUR) exchange rate was largely subdued amid a raft of economic indicators from the Eurozone.

The pound euro (GBP/EUR) exchange rate jumped to a multi-month high amid increased European Central Bank interest rate cut bets before toppling to a two-week low amid dovish remarks from the Bank of England's governor.