Pound Euro exchange rate: GBP/EUR slumps as flash UK services PMI plummets to 40-month low

The pound slumped against the euro as Brexit and election uncertainty led to disappointing PMI data, leaving the pairing trading around €1.163. Sterling slumped against a handful of currencies on Friday morning after flash UK PMI data revealed service sector output slumped to a 40-month low and the manufacturing downturn worsened.

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