The pound-to-Euro exchange rate has moved above 1.15 after some poor data from the Eurozone. Whilst a similar level was achieved briefly on the 22nd March this year, we will need to go as far as May last year to see the GBP/EUR comfortably and sustainably at this level.
The move was made on the back of some disappointing figures from the Eurozone industrial production and after European Central Bank (ECB) minutes on inflation which suggest that the Bank isn’t in any rush to stop their quantitative easing programme.
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