British Pound to Euro Forecast: Sterling Holds Firm Ahead of UK Jobs Data

British Pound to Euro Forecast: Sterling Holds Firm Ahead of UK Jobs Data

The Pound to Euro (GBP/EUR) exchange rate consolidated near 1.1550 on foreign exchange markets, close to a one-week best, as GBP Sterling investors continue to digest last week’s Bank of England (BoE) policy decision.

Pound regains footing ahead of crunch GDP report

Sterling finished last week strong, gaining around a cent against the US dollar and the euro across Thursday and Friday. Much of this momentum stemmed from a notably divided interest rate decision from the Bank of England, which highlighted “genuine uncertainty” around the path of inflation, to borrow Governor Andrew Bailey’s phrasing.