The Euro (EUR) is surging against the British Pound (GBP) on Wednesday as investors responded to mounting concerns about the ...

Pound Euro (GBP/EUR) ... Markets interpreted this as a sign that the BoE may now begin to shift towards deliberating over interest rate cuts, which sent Sterling downward during the day’s trade.

The pound was abbreviated as IEP and was represented by the symbol £ or IR£. ... fixing the value of the Irish pound to the euro at the rate of 0.787564 Irish pounds—about £1.27 per euro.