The week ahead for Pound Sterling to Euro
Pound Sterling trades at 1.1731 at the beginning of the new week based on general static market conditions.
The currency of UK generally has reported a rise for two weeks against the Euro, despite a fell back of the rate last week.
As the beginning of a new week mixed signals are coming in regards the near term outlook.
The pair GBPEUR actually weakened on the decision came from the Supreme Court that the UK goverment could not trigger Article 50 without the permission of Parliament.
Thursday’s Bank of England meeting
On Thursday is due the Bank of England meeting and the release of the Quarterly Inflation Report.
The BOE meeting could cause volatility in the GBPEUR exchange rate on Tuesday and Friday.
The data set for release will likely help to shape the outlook for 2017 Q1.
GBPEUR Data releases the week
German consumer prices are set to release on Monday, while Eurozone Consumer Price Index (CPI), Eurozone Gross Domestic Product (GDP) along with a speech from ECB President Mario Draghi are due for Tuesday.
As set for Thursday, Bank of England Rate Decision, Bank of England Inflation Report and Mark Carney’s press conference at Inflation Report.
General Topic: EURGBP