Euro exchange rates on the way up

Euro exchange rates are once again on the way up against the Pound and significantly versus the Dollar which has weakened substantially against both overnight.  Yesterdays rate hike has helped the cause of anyone selling euros and any news which confirms expectations of two more interest rate hikes this year for the single currency will likely provide further support in the short term.

UK Producer Price Index released in the next 15 minutes could cause some further volatility on GBP EUR exchange rates.