Correction - Pound to euro exchange rate: Sterling SOARS on eve of election – 18/10/17
On 7 June 2017 we published an article headlined “Pound to euro exchange rate: Sterling SOARS on eve of general election vote”, which reported that the GBP had “jumped back up to €1.15 after falling to €1.14”.
We based that information from a graph sourced from XE.com, which provides exchange rate information.
In fact, while we had relied on XE.com it now transpires that rate did not go above €1.15 as reported in the article, in the overnight period between 6 and 7 June 2017.
We accept that the rate information contained within the text of the article was inaccurate.
Based upon information supplied by Bloomberg in fact the overnight rate between 6 and 7 June 2017 rose to 1.1465 not 1.15.
We apologise for this inaccuracy and the original article has been deleted. In fact, the GBP to Euro rate opened on 07 June at 1.145 and closed at 1.154 an increase of 0.63%.