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Pound to Euro Rate Hits Fresh 2023 High

From poundsterlinglive.com

The Pound to Euro exchange rate rose a further quarter of a per cent to hit 1.1680 ahead of the weekend, its highest level since August 2022. Gains come amidst an ongoing technical uptrend in Pound Sterling, a development Pound Sterling Live has covered in depth this week, here and here. The rally in the Pound also comes ahead of a key couple of weeks that will see UK jobs and inflation data come ahead of the June 22 Bank of England interest rate decision. Any downside surprises in the jobs and wage data (next Tuesday) and the inflation release (June 21) could see the Pound retreat and give back some of its data, ... (full story)

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  • Category: Fundamental Analysis