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GBP/EUR Exchange Rate Edges Higher Ahead of BoE Super Thursday

Guavy AI Editorial Team
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GBP
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The Pound-Euro exchange rate has edged higher after recovering from a three-week low, but its gain is limited due to a lack of economic data and caution ahead of Thursday's key events.

The GBP/EUR rate is currently trading around €1.1695, marginally higher on the day, although it remains rangebound until fresh direction emerges later this week.

The absence of UK economic data has limited Sterling's upside, while easing energy prices have reduced expectations that the Bank of England (BoE) will adopt a more hawkish tone at Thursday's policy meeting.

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