Rate Today - GBP/USD Recovers After UK Inflation Dents Sterling Turkish Lira Exchange Rates Gain Ground with USD/TRY falling.80, EUR/TRY.64 and GBP/TRY.84. Internal Tory politics remain tense at best but Labour is struggling to show any traction. Any fresh uptick in inflationary pressure within the currency union would give the ECB greater cause for confidence, boosting the odds of interest rates rising sooner rather than later. Read more: The Pound, Euro, US Dollar (GBP, EUR, USD) Exchange Rate Forecasts (Updated) British Pound (GBP) Spikes Higher. Euro over its rivals. European Central Bank (ECB) in the months ahead. Any spat triggering elections would likely result in another hung Parliament. FT Terms Conditions, all content on m is for your general information and use only and is not intended to address your particular requirements. British pound to, euro (GBP/EUR) exchange rate on a weaker footing heading into the weekend, pushing the pair to a fresh eleven-month low. Although underlying elements of the gross domestic product report were not entirely encouraging, with exports failing to strengthen as forecast, this was not enough to dent the. Any signs of mounting political instability could well drive the GBP/EUR exchange rate to fresh multi-month lows over the course of the week.
This offered a solid boost to the. Other Pound, sterling / Currency Exchange News, strong German growth figures left the. Confidence in the single currency could strengthen further tomorrow with the release of Augusts German IFO business confidence survey, which is expected to show an improvement on the month. The pound (GBP) and euro (EUR) exchange rates open the week marginally higher (1.10607.17) as the UK takes a Bank Holiday. With investors still does merill lynch trade cryptocurrency wary of the prospect of the UK departing the EU without any deal in place GBP exchange rates generally softened on Friday. Share price information may be rounded up/down and therefore not entirely accurate. Improved German Economic Confidence to Bolster. Euro (EUR) Exchange, rates, eUR exchange rates also benefitted from the unexpectedly cautious tone of the latest commentary from Federal Reserve Chair Jerome Powell. Backlinks from other websites and blogs are the lifeblood of our site and are our primary source of new traffic. If you use our chart images on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. Further weakness could also be in store for the Pound if Thursdays UK net consumer credit and mortgage approvals figures prove discouraging Forecasts point towards a dip in consumer credit on the month in July, something which would indicate a more muted sense of domestic.