British Pound To Euro Rate Rallies As Sterling Best Performing Currency Today
Last week saw the British Pound to Euro (GBP/EUR) exchange rate tumbling as no-deal Brexit fears intensified, but this week hopes of a Brexit deal have risen once again. Shifting Brexit expectations are keeping the Pound highly volatile, but the Euro’s outlook remains fairly optimistic overall. This is because the Eurozone’s economic and coronavirus outlooks are relatively optimistic as well, keeping the Euro fairly appealing compared to rival currencies.
Due to time running out on Brexit talks, GBP/EUR movement has been dominated by Brexit news lately. Last week saw GBP/EUR open the week at the level of 1.1088 before spending most of the week trending lower, and closing the week at the level of 1.0920.