Both the Pound (GBP) and the Euro (EUR) have been a little stronger amid US Dollar (USD) weakness, so the Pound Sterling to Euro (GBP/EUR) exchange rate’s movement has been jittery. Investors are hesitant to buy Sterling too much ahead of possible stimulus developments.

GBP/EUR has seen mixed movement since opening this week at the level of 1.0847. The pair dipped earlier in the week and rose yesterday, but ultimately continues to trend close enough to the week’s opening levels at the time of writing on Thursday.

Still, GBP/EUR has been able to hold above last week’s decade-low of 1.0533 due to the Pound’s slightly stronger appeal.

Overall though, the Pound currently lacks the drive to advance much as investors await Bank of England and UK Treasury stimulus developments. Meanwhile, the Euro is holding its ground decently well due to improving stimulus efforts in the Eurozone.

source_https://www.euroexchangeratenews.co.uk/pound-euro-boe-coronavirus-29742