Pound to euro exchange rate: Sterling hangs on crucial Bank of England UPDATE

Sterling is buying €1.116, up slightly from €1.113 overnight. 

The exchange rate has failed to make any significant movement at the opening of a new day. 

But all that stands to change over the course of Thursday. 

The Bank of England will meet to vote on interest rates, a result which typically has a heavy influence on the pound. 

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Pound euro exchange rateGETTYPound euro exchange rate - sterling is vulnerable to the BoE interest rate meeting today

If policymakers keep their 5-3 vote unchanged, this would make little difference. 

But if the vote tilted in favour of a rate rise, the pound to euro exchange rate would likely benefit. 

The other option is for the vote to slide in favour of keeping the historic low rates on hold, which would not be ideal for sterling. 

Also on the agenda today is the release of services data out of the UK.

Tue, March 28, 2017 Exchange rate: How to get the best deal on your holiday money.
How to get the best exchange rate

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How to get the best exchange rate

Pound euro exchange rateGETTYPound euro exchange rate - sterling has failed to gain

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