GBP/EUR Rebounds Amid Renewed Growth Hopes

The Pound (GBP) exchange rate has been trading around €1.1690 against the Euro (EUR), down approximately 0.2% over the week, according to Exchange Rates Org UK.

Last week saw a recovery for GBP/EUR after the Bank of England's interest rate decision and renewed reassurance over the UK government's fiscal plans.

The next major influence on the exchange rate is expected to come from the final UK and Eurozone services PMIs for July, which could confirm renewed growth in their respective services sectors.