GBPEUR Exchange Rate: The Week Ahead August 22nd - NewsBreak

The GBPEUR exchange rate saw its rally falter this week as lower inflation and higher virus cases led to profit-taking. The UK saw inflation cool to the BoE's 2% target and that has traders believing that the chances of an earlier rate hike have disappeared for the country. The headline data for this week will be from Germany with a final reading of GDP, consumer confidence and IFO business sentiment.