The Euro is also being supported following a further pullback in the US Dollar this morning as a risk-on mood causes the safe-haven US Dollar to fall.
GBP/EUR Exchange Rate Forecast: UK Employment Change Data in Focus
For Pound investors, tomorrow will see the release of the latest employment change data from the UK for March, which if meet forecasts could push the Pound higher as the UK reopens from the national lockdown imposed at the start of the year.
Wednesday will see the release of the latest inflation data from the UK which could give an insight into how the UK’s economic is performing now that restrictions have been eased, with figures expected to have risen 0.8% in March, up from February’s 0.4%.
For Euro traders, the global market mood will continue to drive movement along with any further coronavirus developments from the Eurozone which will hope to drive the Euro higher.
International Money Transfer? Ask our resident FX expert a money transfer question or try John’s new, free, no-obligation personal service! ,where he helps every step of the way, ensuring you get the best exchange rates on your currency requirements.
TAGS: Pound Euro Forecasts