Exchange Rate in United Kingdom
Inflation came in at 8.7% in April, down from March’s 10.1%. April’s result marked the lowest inflation rate since March 2022, but was far higher than market expectations of 8.2%. Looking forward, inflation should continue to trend down on tighter monetary policy, but is still forecast to average double the Bank of England’s (BoE) 2.0% target in Q4 2023.
United Kingdom Exchange Rate Chart
United Kingdom Exchange Rate Data
|Exchange Rate (EUR per GBP, eop)||1.13||1.11||1.18||1.12||1.19|