Sumary of Pound euro exchange rate ‘under pressure’ – fears June 21 ‘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.”…