Pound euro exchange rate: GBP/EUR poised to surge as ECB to slash Eurozone forecasts



At the time of writing the GBP/EUR exchange rate is trading at €1.164, virtually unchanged from this morning’s opening rate as markets brace for the European Central Bank’s policy decision later this afternoon. While the euro may currently be holding its ground against the pound, investors predict that the single currency may come under heavy pressure once the ECB delivers its latest rate decision.

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