The GBP/EUR exchange rate has strengthened as Eurozone PMIs disappoint. The Eurozone Purchasing Managers’ Index (PMI) data has fallen short of expectations, causing the euro to weaken against the British pound. This has led to a rise in the exchange rate between the two currencies. Investors are closely monitoring the economic data coming out of the Eurozone to gauge the strength of the euro. The disappointing PMI figures have put pressure on the euro, while the pound has remained relatively stable. This has resulted in the GBP/EUR exchange rate moving in favor of the pound. Traders will continue to watch for further economic indicators to see how the exchange rate between the two currencies will be affected in the coming days.