The British Pound to Euro exchange rate is influenced by Bank of England and European Central Bank policy, together with changes in the interest-rate gap between the two currencies. UK interest-rate expectations, UK inflation and wage and employment data can affect the British Pound, while Eurozone interest-rate expectations, Eurozone inflation and growth and PMI data can move the Euro.
GBP/EUR has risen 0.27% today to 1.1901. The pair has gained 0.54% over the past week and has advanced 2.05% over the past month.
Employment change came in at 102 K, above expectations of 20 K and ECB Lagarde speech kept the Euro interest-rate outlook in focus.
Next up are UK inflation YoY on Wednesday at 07:00 UK time and UK comments from Bank of England Governor Andrew Bailey on Wednesday at 14:00 UK time, which could set the direction for GBP/EUR.
Mid-market reference rate. Customer rates normally include provider margins and fees.
