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The Euro Pound (EUR/GBP) exchange rate is strengthening this morning as markets await the latest interest rate decision from the Bank of England (BoE). At the time of writing the EUR/GBP pairing are trading at around 0.8663 as German factory orders increase more than expected. Euro (EUR) Supported by German Factory Orders The Euro is being supported this morning by the latest factory orders data from Germany for March which rose more than expected. German factory orders jumped to 3% in March, more than the 1.5% forecast. As reported by Bloomberg: ‘Demand for machinery, data processing equipment, electrical and optical goods as well as car manufacturing was particularly strong, the Economy Ministry said. Helped by strong recoveries abroad, German manufacturing has held up well during the latest rounds of restrictions to limit the spread of the coronavirus.’

United kingdomTim moorePhil smithEuro pound exchange rate outlookEconomy ministryEuro poundGerman factoryEconomics associate directorInvestors await boe interest ratePound exchange rate outlookGerman industrial productionஒன்றுபட்டது கிஂக்டம்நேரம் மூர்பில் ஸ்மித்யூரோ பௌஂட் பரிமாற்றம் ரேட் ஔட்‌லுக்பொருளாதாரம் அமைச்சகம்