CR: Euro to GBP Forecast: Sterling Exchange Rates Reverse, EUR-GBP
The euro to British pound (GBP) exchange rate is seen trading 0.2 pct down on a day-to-day basis having reached 0.8137.
The rate had earlier spiked below the 0.8130 level and fell as low as 0.8119 ahead of a swift recovery.
The pound to euro is therefore quoted at 1.2290.
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British pound (GBP) boosted by inflation readings (And then ignored!)
Today's inflation numbers have provided support to the UK currency.
Consumer Price Index (MoM) (Apr) came in at 0.4% ahead of predictions for 0.3%.
Core Consumer Price Index (YoY) (Apr) read at 2.0%, analysts had expected it to read at 1.8%.
