Pound euro exchange rate: GBP/EUR eases despite Eurozone inflation hitting a two-year low

The pound euro exchange rate eased to €1.0916 today despite Eurozone inflation falling to its weakest point in more than two years. The July report showed the year-on-year figure dropped from 1.3 percent to 1 percent. Analysts at Bloomberg commented: “The report adds to negative data over the past weeks that may convince [European Central Bank ] officials that bold steps are needed to revive momentum in the [Eurozone].

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