NORDSTROM.com
Published On: Thu, Dec 5th, 2019

Pound Euro exchange rate: Election optimism sends GBP/EUR to best levels since 2017

The pound spent Wednesday storming higher against the euro thanks to weak German data and election optimism, leaving the pairing trading around a nine-month high of €1.179. The pound rose against the euro despite data showing UK election and Brexit uncertainty caused the UK’s service sector to shrink in November.
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Pound Euro exchange rate: Election optimism sends GBP/EUR to best levels since 2017