Pound to euro exchange rate: Euro boosted as German unemployment falls and inflation rises
The pound to euro exchange rate has been given "cause for celebration", as German unemployment has fallen and inflation risen, although the political situation in Italy continues to remain, an expert has claimed.
Today’s exchange rate is at 1.140, as of 7.00am according to Bloomberg.
Laura Parsons, currency analyst at TorFX, commented on the exchange rate.
“The GBP/EUR exchange rate experienced some mid-week movement as a run of upbeat reports from the Eurozone gave the euro cause for celebration.
“Although the ongoing political crisis in Italy lingered in the background, the common currency surged by nearly one per cent against the US dollar and pound as German inflation rose and unemployment fell.