Pound to euro exchange rate: Sterling holds ground as Eurozone inflation soars

Pound to euro exchange rate: Sterling holds ground as Eurozone inflation soars
 

The exchange rate is this morning buying €1.087, after hovering around this rate for much of the past day. 
Eurozone inflation results posted yesterday revealed the rate rose faster than expected in July.
While the pound took an initial hit, it has managed to claw back to levels seen before the release. 
According to CPI data published by Eurostat, Eurozone inflation jumped from 1.3 per cent to 1.5 per cent in July, outpacing expectations it would only reach 1.4 per cent and reaching a new four-month high.
The rise is likely to renew calls for the European Central Bank (ECB) to tighten... read more

 
1 September 2017 in Travel, Views: 43
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