GBP/EUR: the pair rises above €1.1950

The Pound Euro exchange rate is up at the end of a volatile week.

The pound fell yesterday as investors began to question the BoE’s ability to raise rates aggressively if siltation in Ukraine continues to worsen, which could hurt global growth. The Pound is higher today as market sentiment improves.

The euro fell yesterday before rallying as Biden announced sanctions, which staved off energy.

Today, the pair rises as risk sentiment improves. There is plenty of data, including French inflation and German GDP data, for investors to digest.

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