Pound-euro exchange rate: Traders ignore lacklustre UK services PMI and focus on Italy

Today, the pound is trading up around 0.3 percent against the euro at a rate of €1.143 as investors digest the news that momentum in the UK services sector slowed in October. Figures released this morning by statistics company Markit revealed that growth in the UK services sector fell to a seven-month low in October, with the main reason cited being uncertainty surrounding Brexit. Daily Express :: Finance Feed

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Pound US dollar exchange rate: Brexit fuelled Sterling rockets above $1.30

The pound is trading against the dollar at a rate of $ 1.302 this morning after shooting up over 1.6 per cent yesterday and continuing the trend into today, showing a 0.2 per cent rise since opening. Yesterday’s sudden surge in the value of the pound was mostly caused by reports that Theresa May had agreed a deal with the EU that would permit financial services companies access to the EU market after Brexit – and vice versa. Daily Express :: Finance Feed

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Pound euro exchange rate: GBP/EUR nears two-week highs as BoE hints of rate hikes

The pound has remained near a two-week high against the euro today, trading in the region of €1.138. The appreciation comes in the wake of Thursday’s Bank of England meeting, where policymakers suggested that there could be more interest rate hikes in 2019. Daily Express :: Finance Feed

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Pound euro exchange rate: GBP on the back foot despite shock slowdown in Eurozone GDP

At the time of writing the GBP/EUR exchange rate is trading around €1.123, having edged down from this morning’s opening levels despite some very underwhelming Eurozone growth figures. While the euro is holding steady against the pound so far this morning, the single currency is slumping in broader trade as markets react to the Eurozone’s latest GDP release. Daily Express :: Finance Feed

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Pound US dollar exchange rate: GBP hits one-month low on pre-Budget anxiety

THE pound is trading at a one-month low against the US dollar today ahead of next week’s budget with the latest decline putting the exchange rate at $ 1.281. The October budget takes place on 29 October and could cause significant pound Sterling volatility depending on what is announced. Daily Express :: Finance Feed

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