GBP EUR Exchange Rate: The Week Ahead October 10th - NewsBreak

The GBPEUR exchange rate surged on the week to head for the 2021 highs above 1.1800. The energy crisis in the UK soothed, but traders also started to factor in European problems after Dutch gas futures prices also hit record highs. The driver of a 0.25% rise on Thursday in the pound sterling was the minutes of the latest ECB meeting, which showed the bank have discussed an extension to bond-buying once the pandemic program ends.