The Pound to Euro exchange rate put in some more solid gains on Tuesday, and by Wednesday morning had recovered all of last week’s losses. At the time of writing, GBP/EUR was trending near its best levels in over a week.
Tuesday’s Eurozone data did little to support Euro trade. Germany’s retail sales stats fell short of forecasts and Eurozone manufacturing PMIs were mixed. Overall the Eurozone manufacturing PMI met expectations, as French manufacturing beat forecasts but German manufacturing fell short.
The Eurozone’s final composite PMIs from Markit will come in on Thursday, which could influence Euro trade towards the end of the week.
The overview update is provided by TorFX, a leading foreign exchange broker. Click here for market leading GBP/EUR exchange rates
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