Pound euro exchange rate: GBP/EUR rises, Eurozone improves but downside risks remain

The pound euro exchange rate edged higher today, with the pairing currently trading around €1.160. The Eurozone’s surprise growth of 0.2 percent in the third-quarter failed to bolster the European currency, with worsening economic sentiment and heightened geopolitical uncertainties dampening hopes of the Eurozone’s economic recovery.

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