News Snapshot:
GBP/EUR Exchange Rate: Pound Refreshes 20-Month High The Pound Euro exchange rate has fluctuated over the last week, while refreshing a 20-month high on Tuesday. Following UK inflation unexpectedly slowing to 3.1% in September, Sterling slumped but soon recovered as investors repriced expectations for the Bank of England (BoE) to raise interest rates by the end of this year, or early 2022. Meanwhile, the Autumn Budget is in focus today. Investors will look to UK government spending and tax plans, and what support businesses may receive. The Office for Budget Responsibility’s (OBR) economic forecasts will accompany the budget and provide...
