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GBP/EUR Exchange Rate Forecast: Pound Euro Exchange Rate Mixed on Inflation Rate Data
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GBP/EUR Exchange Rate Forecast: Pound Euro Exchange Rate Volatile as UK GDP Growth Slows
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The Euro Pound (EUR/GBP) exchange rate is steady this morning after the latest inflation data from Germany met forecasts.
The Pound has also found itself supported following the GDP data from the UK during Q1, with the EUR/GBP pairing currently trending around 0.8586.
Euro (EUR) Supported by German Inflation Rate
The Euro has been able to limit any losses against the Pound this morning following the latest inflation rate data from the Eurozone’s largest economy, Germany, which came in above forecasts at 2% during April.
Further supporting the Euro today are the latest industrial production figures from the Eurozone which came in above forecasts at 1.0% during March.