Pound euro exchange rate: GBP/EUR eases despite Brexit recession fears being ‘put to bed’

The pound euro exchange rate eased today, with the pairing currently trading around €1.109 after the UK’s growth figure for August fell from 0.4 percent to 0.1 percent. John Hawksworth, the Chief Economist at PwC, said that today’s figures had “put to bed” fears for a recession in the third quarter of 2019, but urged caution, warning of a problematic fourth quarter “as heightened Brexit-related uncertainty [is likely to take] a toll on both business investment and consumer confidence”.

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