Pound Lower on Business Sentiment Slump
- Category: EUR
Pound Sterling's recovery against the Euro stumbled on news from Lloyds Bank that UK business sentiment slumped in April.
The Pound to Euro exchange rate opened the new week near fortnight highs and could have scope to climb further to around 1.18 in the days ahead, as Roxette sings “Listen to Your Heart,” and Sterling makes a start on a journey that might ultimately see it back around 1.20 over the coming months.
The Pound-to-Euro exchange rate is likely to remain under pressure as surveys point to divergent fortunes in the Eurozone and UK.
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