The Pound to Euro exchange rate fell to 19-month lows last week in what was its largest five-day decline since September 2022, however, the pair could stabilise in the days ahead and may even have scope for a partial rebound if the latest UK inflation figures help the Sterling bond market onto a better footing.
The Pound to Euro exchange rate was on course for its largest weekly loss since September 2022 on Friday following a rout in US Dollar rates and a parabolic rally by the single currency, with GBP/EUR now appearing set to trade in a narrow 1.1489 to 1.1543 range through the session ahead.
The Pound to Euro rate fell heavily last week but could now see a partial recovery, with technical support levels at 1.1813 and 1.1880 potentially regained, if the risk of a tit-for-tat tariff spat between Washington and Brussels leads EUR/USD to ebb further from its recent highs in the days ahead.
Pound Sterling is softer against the Euro on Thursday.