Pound euro exchange rate: GBP tumbles amid deteriorating German business morale



THE pound was ratcheted down to €1.136 against the euro on Monday morning, falling despite a soft run of German IFO business climate readings. This morning, pound investors reacted to news that the headline IFO business climate index – a highly-regarded early indicator for economic developments within Germany – deteriorated to 101.8 in June.
Pound euro exchange rate: GBP tumbles amid deteriorating German business morale Pound euro exchange rate: GBP tumbles amid deteriorating German business morale Reviewed by Melbal Business News And Directory on 25 June Rating: 5

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