Pound euro exchange rate: GBP/EUR rises as July’s UK growth figure tames Brexit recession

The pound euro exchange rate rose by 0.5 percent today, with the pairing trading around €1.119 after July’s UK growth figure beat expectations and rose from 0 percent to 0.3 percent, a notable improvement on June’s stagnation. The result provided uplift for the GBP/EUR exchange rate as improving growth tempered Brexit recession fears.

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