Investing.com UK on Nostr: Pound to Euro Exchange Rate Steady at 1.18 After Labour Landslide Victory ========== ...
Pound to Euro Exchange Rate Steady at 1.18 After Labour Landslide Victory
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The British pound held around 1.18 against the Euro overnight after Labour secured a historic landslide over the Conservatives in the 2024 UK General Election. The Pound to Euro (GBP/EUR) exchange rate traded at around €1.17989, virtually unchanged from Thursday’s opening rate. The Conservatives faced substantial losses, as did the Scottish Nationalist Party, while the Liberal Democrats emerged as the third-largest party. The Pound (GBP) struggled to garner investor attention on Thursday and traded mostly flat against its peers as Britons headed to the ballot box. A forecast by polling firm Survation predicts the Labour Party is expected to win 484 of the 650 seats in parliament. The Euro (EUR) remained trading sideways against the majority of its peers on Thursday following the publication of the latest factory orders from Germany. Factory orders in the Eurozone’s largest economy unexpectedly fell from -0.6 to -1.6% in May, missing forecasts of a 0.5% rebound. Looking ahead, the primary catalyst of movement for the Pound Euro exchange rate this week will likely be the UK’s general election results.
#Pound #Euro #ExchangeRate #Labour #Conservatives #UkGeneralElection
https://uk.investing.com/news/forex-news/pound-to-euro-exchange-rate-steady-at-118-after-labour-landslide-victory-3577680
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The British pound held around 1.18 against the Euro overnight after Labour secured a historic landslide over the Conservatives in the 2024 UK General Election. The Pound to Euro (GBP/EUR) exchange rate traded at around €1.17989, virtually unchanged from Thursday’s opening rate. The Conservatives faced substantial losses, as did the Scottish Nationalist Party, while the Liberal Democrats emerged as the third-largest party. The Pound (GBP) struggled to garner investor attention on Thursday and traded mostly flat against its peers as Britons headed to the ballot box. A forecast by polling firm Survation predicts the Labour Party is expected to win 484 of the 650 seats in parliament. The Euro (EUR) remained trading sideways against the majority of its peers on Thursday following the publication of the latest factory orders from Germany. Factory orders in the Eurozone’s largest economy unexpectedly fell from -0.6 to -1.6% in May, missing forecasts of a 0.5% rebound. Looking ahead, the primary catalyst of movement for the Pound Euro exchange rate this week will likely be the UK’s general election results.
#Pound #Euro #ExchangeRate #Labour #Conservatives #UkGeneralElection
https://uk.investing.com/news/forex-news/pound-to-euro-exchange-rate-steady-at-118-after-labour-landslide-victory-3577680