Pound euro exchange rate: GBP slumps despite 0.25 per cent BoE interest rate hike



THE pound has fallen sharply against the euro today in the wake of the Bank of England’s interest rate hike to 0.75 per cent. The pairing opened at a level of €1.125 earlier today and rose to €1.128 before the rate hike, but has since dropped to a level of €1.121.
Pound euro exchange rate: GBP slumps despite 0.25 per cent BoE interest rate hike Pound euro exchange rate: GBP slumps despite 0.25 per cent BoE interest rate hike Reviewed by Melbal Business News And Directory on 02 August Rating: 5

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