GBP/EUR Rates Up Following UK Manufacturing Data (Matthew Vassallo)

GBP EUR Exchange Rate: Weekly Review July 16  

GBP/EUR rates spiked back up through 1.25 during Tuesday’s trading, following better than expected UK manufacturing data released this morning. Figures came in above expectation at 57.5 and immediately we saw GBP spike against the single currency, moving comfortably back above 1.25 on the exchange.

With further PMI data out for the UK tomorrow and Thursday, we could see the Pound’s momentum continue up through 1.2550. Key economic data for the Eurozone includes tomorrows GDP figures and Thursday’s European central Bank (ECB) interest rate decision. Both are considered key to market developments, so anyone with a GBP/EUR requirement should be keeping a close eye on both releases.

If you have an upcoming currency requirement and would like to be kept up to date with all the latest market movements, or simply wish to compare our award winning exchange rates with your current provider, then please feel free to contact me directly at [email protected]