Euro to dollar exchange today: Pound-to-Euro Exchange Rate Week Ahead Forecast: Break Above 1.1080 Opens Door to Further Gains

“Attracting more attention will probably be Friday’s flash CPI stats for the Eurozone as a whole. Inflationary pressures have cooled in recent months as the economy slowed, and inflation expectations have also declined dramatically, threatening to drag actual inflation even lower. That is why investors expect the European Central Bank to act with force in September and cut rates deeper into negative territory, as well as launch another round of Quantitative Easing,” says Marios Hadjikyriakos, an investment analyst at XM.com who concludes the outlook does not bode well for the single currency.

5 thoughts on “Euro to dollar exchange today: Pound-to-Euro Exchange Rate Week Ahead Forecast: Break Above 1.1080 Opens Door to Further Gains”

  1. The pound to euro exchange rate will likely be influenced on tomorrows vote within the Conservative Party regarding the next leader of the party, as the winner will become the Prime Minister of the UK. With little to no economic updates set for release today it s likely that today s pound vs euro trading session will be quite in anticipation of tomorrows announcement, and there will also be other releases this week that could impact currency rates so although today is set to be quiet, it may be an eventful week.

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