Interest Rates: Differences in interest rates set by the European Central Bank (ECB) and the Bank of England (BoE) impact the relative attractiveness of the Euro and British Pound.

Economic Data: Key economic indicators from the Eurozone and the UK, like GDP growth, inflation, and unemployment, influence currency valuations.

Geopolitical Events: Political instability or major news events in either the Eurozone or the UK can trigger currency fluctuations.

Market Sentiment: Overall investor risk appetite and market perception of the Euro and Pound affect trading activity and prices.

Brexit Impacts: Lingering effects of Brexit continue to influence the Pound and its relationship with the Euro.

Central Bank Policies: Quantitative easing or other monetary policies pursued by the ECB or BoE can affect currency supply and demand.