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March 8, 2021 - Written by John Cameron
The Pound to Euro (GBP/EUR) exchange rate edged higher this morning as business confidence rose across the UK in data released from February.
At the time of writing GBP/EUR are currently trading at around 1.1641, the exchange rate is further gaining following comments from Bank of England (BoE) Governor Andrew Bailey.
Pound (GBP) Exchange Rate Supported by 12-Month High Business Confidence from the UK
The Pound was supported this morning from renewed optimism in business confidence in the UK’s services sector.
Data released from accountancy and business advisory firm BDO LLP showed that the BDO’s Service Optimism report jumped to 94.13 in February.