GBP/EUR Exchange Rate Boosted by Chancellor Healey's Growth Plans

The Pound to Euro exchange rate gained modestly at the start of this week following Chancellor John Healey's speech on economic growth.

In his first major address since becoming UK Chancellor, Healey outlined plans to give city regions greater powers and reduce regulatory costs for businesses.

The GBP/EUR rate traded around €1.1647, a slight increase from the start of Monday's session, as markets digested Healey's proposals.

The Pound's gain was limited by the European Central Bank's upcoming interest rate decision, with investors awaiting guidance from ECB President Christine Lagarde on monetary policy.