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Pound to euro exchange rate 'promising' as GBP on 'steady ascent' – travel money latest

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Pound to euro exchange rate 'promising' as GBP on 'steady ascent' - travel money latest

Vessey added: “GBP/EUR could edge closer towards fresh 13-month highs as Euro demand continues to fade.”

Looking at the week ahead, he said: “On the data-docket this week, Friday is a short-term indicator day – the UK reveals monthly GDP results, industrial & manufacturing production, and the trade account.”

Vessey continued: “Volatility in bond markets has sent shockwaves through equity and FX markets over the past few weeks, but the bond sell-off should be contained with strong verbal reiteration from central bankers in the coming days.

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“The successful vaccination story so far, coupled with easing lockdown measures are both boosting inflation expectations as investors bet on pent-up consumer demand driving prices higher during the economic recovery cycle.”

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Pound to euro exchange rate 'promising' as GBP on 'steady ascent' - travel money latest
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