EUR/GBP Exchange Rate Rangebound as Europe’s Covid-19 Cases Remain High
The Euro Pound exchange rate held steady today as Europe cautiously begins lifting Covid-19 restrictions. The pairing is currently fluctuating around €0.86.
The Euro (EUR) failed to rise against the Pound today as numbers of coronavirus infections in Europe remain high.
Nino Cartabellotta, head of the GIMBE Foundation health think tank has however warned about Italy’s easing of restrictions, saying:
‘Clearly if the gradual reopening is interpreted as a ‘free-for-all’, a new surge in infections risks compromising the summer season.’
However, Italy’s restaurants, bars and cinemas have partially reopened as the nation prepares for a debate around a major coronavirus recovery bill.