Pound euro exchange rate ‘under pressure’ amid threat ‘freedom day to be pushed back’

pound euro exchange rate under pressure amid threat freedom day to be pushed back

Sumary of Pound euro exchange rate ‘under pressure’ amid threat ‘freedom day to be pushed back’:

  • The pound to euro exchange rate has remained in a tight range over the course of the last week as traders eagerly await the European Central Bank (ECB) monthly monetary policy decision..
  • “Today ECB decision may – hopefully – inject a bit of volatility into the market, though with consensus expecting no policy shifts, those hopes may prove to be misplaced.”.
  • Despite optimistic the ECB decision will spark some movement within the rates, there are growing concerns the Stage Four “unlock”.
  • “A meeting between the European Union’s Maroš Šefčovič, European Commission Vice President and UK David Frost in London will be closely monitored by GBP traders.”…

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