January 24, 2023 – Written by John Cameron
Pound Euro Exchange Rate Slumps on Disappointing UK PMIs
The Pound Euro (GBP/EUR) exchange rate trended lower on Tuesday as the pairing was pressured by weaker-than-expected UK PMI figures.
This saw the GBP/EUR exchange rate trade at around €1.1330 at the time of writing. Down roughly 0.5% from Tuesday’s opening levels.
Pound (GBP) Slumps as UK Service Sector Slump Deepens
The Pound (GBP) was placed on the defensive on Tuesday following the publication of the UK’s latest PMI figures.
According to preliminary…