economy

Pound euro exchange rate rises ECB sets up ‘strong’ stimulus package to boost Euro economy

The pound euro exchange rate edged to €1.094 this morning on speculation that the European Central Bank’s planned stimulus package will be bigger than initially expected. Olli Rehn, a member of the ECB’s rate-setting committee, said: “When you’re working with financial markets, it’s often better to overshoot than undershoot, and better to have a very strong package of policy measures than to tinker.” Daily Express :: Finance Feed

Pound euro exchange rate rises ECB sets up ‘strong’ stimulus package to boost Euro economy

The pound euro exchange rate edged to €1.094 this morning on speculation that the European Central Bank’s planned stimulus package will be bigger than initially expected. Olli Rehn, a member of the ECB’s rate-setting committee, said: “When you’re working with financial markets, it’s often better to overshoot than undershoot, and better to have a very strong package of policy measures than to tinker.” Daily Express :: City and Business Feed

Pound euro exchange rate sinks as UK economy contracts over Brexit uncertainty

The pound euro exchange rate fell today, leaving the pairing trading around €1.082 after worse-than-expected UK growth figures for the second quarter. UK GDP figures for June fell from 1.8 percent to 1.2 percent – a drop of 33 percent, the country’s worst rate of growth in six and a half years. Daily Express :: Finance Feed

Pound euro exchange rate sinks as UK economy contracts over Brexit uncertainty

The pound euro exchange rate fell today, leaving the pairing trading around €1.082 after worse-than-expected UK growth figures for the second quarter. UK GDP figures for June fell from 1.8 percent to 1.2 percent – a drop of 33 percent, the country’s worst rate of growth in six and a half years. Daily Express :: City and Business Feed