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GBP vs EUR currency overview for 18th August 2017
The Pound to Euro exchange rate briefly advanced yesterday, as Britain’s June job market report impressed. However, Sterling was unable to hold its gains and this was partially due to the day’s strong Eurozone data. By this morning, GBP/EUR was trending near its worst 2017 levels.
Eurozone Gross Domestic Product (GDP) is now projected to have grown 2.2% year-on-year in Q2, thanks to strong yearly growth projections from Germany, Italy and The Netherlands this week.
The Euro also benefitted from US Dollar weakness in the evening. Today’s latest unemployment stats from The Netherlands and France both improved too.
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GBP/EUR performance, 18th August 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 (1.094) 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 downwards trend and is likely to keep falling.
Todays GBP/EUR exchange rate summary
Highest exchange rate today: 1.0998
Lowest exchange rate today: 1.0926
Opening exchange rate today: 1.0974
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