Foreign exchange markets saw a strong week for sterling this week, with the British pound to euro exchange rate reaching a four-week best price level as trading concluded. The GBP/EUR conversion rate peaked on Friday at 1.28, sparking hopes that this recent strength could see the pair reach 1.29 next week. The pound sterling to dollar exchange rate also performed well as the British currency ended the week's trading as a top G-10 performer. Eurozone Consumer Prices forecast to dominate euro trader focus this week. On Sunday the Pound to Euro exchange rate (GBP/EUR) converts at 1.283 The EUR to GBP exchange rate converts at 0.779 today. FX markets see the euro vs us dollar exchange rate converting at 1.123.At time of writing the euro to swiss franc exchange rate is quoted at 1.098. -Pound Sterling (GBP) Exchange Rates Could See Movement on This Week's UK GDP- Last week the British pound exchange rates rallied versus the majority of its currency peers after EU referendum opinion polls suggested a lead to the ‘Remain' campaign. The question is, will the Sterling rally continue or will domestic data have a greater impact? One of the most likely British ecostats to cause Sterling changes is first-quarter Gross Domestic Product. -Euro (EUR) Exchange Rates are Forecast Volatility in Response to German and Eurozone Inflation Data- Last week the Euro cooled versus most of its currency rivals in response to poor data and concerns that the European Central Bank (ECB) will be forced into easing policy further later in 2016. With the ECB rate decision out of the way, however, there is a chance that the Euro will climb on consolidative trading given that President Mario Draghi failed to jawbone as had been widely expected. In terms of domestic data this week, German and Eurozone inflation data will be likely to have the greatest impact on Euro exchange rates. German labour market data may also be impactful.
