Pound to euro exchange rate: Sterling climbs BACK as Eurozone unemployment slides

Pound to euro exchange rate: Sterling climbs BACK as Eurozone unemployment slides
 

The exchange rate has climbed to €1.118, up from €1.115 overnight. 
Sterling has been slightly boosted by a series of weak figures out of the Eurozone yesterday. 
Annual German retail sales fell by more than forecast, while Eurozone unemployment fell. 
But core inflation for the bloc rose unexpectedly. 
The data did little to deliver any significant impact on the exchange rate. 
TorFX currency analyst Laura Parsons said: “The GBP/EUR exchange rate closed out Monday basically unchanged from the day’s opening levels, with the pairing hovering in the region of €1.116. 
“The euro was gently... read more

 
1 August 2017 in Travel, Views: 58
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