Pound-to-Euro: Recovers from Bond Market Panic

Pound ends week on a high

Sterling recovered some of its losses yesterday as, much to the surprise of some, the British chancellor Rachel Reeves remained as chancellor. The pound gained close to half a cent on both the euro and US dollar. GBP/USD is more than 1% up over the month, but GBP/EUR’s losses since late May remain significant at around 2.5%. Indeed, in European financial circles the main topic of conversation seems to be what economic policymakers can do to cont…

Pound-to-Euro: Recovers from Bond Market Panic

The Pound Euro exchange rate (GBP/EUR) regained ground on Thursday as calm returned to markets and upbeat PMIs supported Sterling. At the time of writing, GBP/EUR traded...