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GBP/EUR Forecast: Pound to Euro Exchange Rate Mixed as Euro Supported by US Dollar Weakness


April 23, 2021 - Written by John Cameron
The Pound Euro (GBP/EUR) exchange rate is mixed this morning despite a range of positive data from the UK as the Euro is bolstered the US Dollar’s weakness.
At the time of writing the GBP/EUR pairing are trading at around 1.1503 as the Pound is able to limit its losses with surging flash PMI’s.
Pound Sterling (GBP) Mixed Despite Positive Retail Sales
The Pound is mixed against the Euro this morning despite better-than-expected retail sales from the UK during March.
Retail sales soared 5.4% in March, beating analyst’s forecasts of just a 1.5% increase. Figures from the Office for National Statistics (ONS) also showed that compared with March last year, sales were up 1.6%. ....

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