The euro has had a constructive backdrop from the landmark EU–India trade deal, which is the kind of strategic signal markets like to see as Europe tries to reduce its reliance on single partners. The euro was little moved against the pound on Tuesday. Thanks to a light schedule of economic data and some cautious commentary from the European Central Bank (ECB), there was little pricing impetus for the euro to move up or down. The ECB’s Martin Kocher said interest rates were “in a good place”.
GBP/EUR: the past year
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