Pound Euro exchange rate: Election optimism sends GBP/EUR to best levels since 2017

The pound spent Wednesday storming higher against the euro thanks to weak German data and election optimism, leaving the pairing trading around a nine-month high of €1.179. The pound rose against the euro despite data showing UK election and Brexit uncertainty caused the UK’s service sector to shrink in November.

The pound spent Wednesday storming higher against the euro thanks to weak German data and election optimism, leaving the pairing trading around a nine-month high of €1.179. The pound rose against the euro despite data showing UK election and Brexit uncertainty caused the UK’s service sector to shrink in November.
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