The pound euro (GBP/EUR) exchange rate has been fluctuating due to a lack of significant data. This uncertainty has made it difficult for the currency pair to establish a clear direction. Investors are eagerly awaiting new information that could potentially impact the exchange rate.
Without any major economic data releases, the pound euro exchange rate has been trading within a narrow range. This lack of movement can be attributed to a lack of clarity on economic indicators and market sentiment.
The pound has been under pressure against the euro in recent weeks, as concerns over Brexit and the UK economy continue to weigh on the currency. Meanwhile, the euro has been supported by strong economic data and a more positive outlook for the Eurozone.
As a result of this uncertainty, the pound euro exchange rate has been struggling to find direction. Traders are closely monitoring any news that could potentially impact the exchange rate in the near future.
Overall, the lack of significant data has led to a wavering pound euro exchange rate. Investors will be keeping a close eye on any new developments that could provide more clarity on the direction of the currency pair.