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GBP vs EUR currency overview for 19th September 2017
The Pound to Euro exchange rate saw multiple surges last week, taking it from relatively near 2017 lows, back up to its best levels in two months.
Investors haven’t been as eager to buy the Euro in recent sessions. While the Eurozone outlook is strong, an optimistic outlook has largely been priced into the shared currency already. As a result, investors have been selling the overvalued Euro from its highs.
Without indication that the European Central Bank (ECB) could hike Eurozone interest rates in the foreseeable future, further gains for the Euro may be limited. Markets currently don’t expect rates to be tightened until the end of 2018 at the earliest.
This update is provided by TorFX, a leading foreign exchange broker. Click here for market leading GBP/EUR exchange rates
GBP/EUR performance, 19th September 2017
This chart shows how the GBP is performing againt the Euro throughout the day.
The red line shows the opening exchange rate at the start of the day so that you can see if the current exchange rate is above, or below, yesterdays’ rate.
The GBP/EUR exchange rate (1.1263) is lower than todays opening rate, so the Pound is weaker against the Euro compared to yesterday.
The long term chart at the top of this page shows how the GBP/EUR exchange rate has performed over the last few months.
GBP/EUR is scoring 100 (out of 100) on our trend strength indicator, which indicates that this currency pair is in a strong upwards trend and is likely to keep rising.
Todays GBP/EUR exchange rate summary
Highest exchange rate today: 1.1306
Lowest exchange rate today: 1.1234
Opening exchange rate today: 1.129
This article is for information and educational purposes only and does not form a recommendation to invest or otherwise. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser.