The euro has maintained a solid position against the pound this week, though it has struggled to keep pace with a surging US dollar. Despite brief volatility caused by rumours of leadership changes at the central bank, the ECB’s “steady as she goes” policy is currently providing a firm floor for the currency. Investors are now looking to today’s European consumer confidence update for the next signal on the Eurozone’s economic health.
GBP/EUR: the past year