The Pound to Euro exchange rate hit a new two-year high at 1.1920 on Monday, but inflation, wage and retail sales data will determine whether this hot streak extends.
Pound to Euro Rate Eyes Strongest Weekly Finish in Two Years, But a Risk-filled Week Looms
- Category: EUR
The Pound to Euro exchange rate (GBP/EUR) is looks set to record its highest weekly finish in two years, but recent gains would be reversed if next week's employment and inflation data undershoots.
Powell Butters Us Up for a September Cut
- Category: EUR
Federal Reserve Chairman Jerome Powell has laid the groundwork for a cut to interest rates in September.
Work has already begun to improve the UK's Brexit deal with the EU as the new Labour government pursues closer ties with the EU. Analysts at Barclays say this can help shrink the Pound's 'Brexit premium'.