The pound will be influenced by the UK manufacturing PMI which will be released today. Experts have wanted the new data could see the euro strengthening against the pound. The pound is currently trading at €1.111 against the euro, according to Bloomberg. Laura Parsons, currency analyst at TorFX, spoke to Express.co.uk regarding the latest exchange rate figures. Related articles END OF THE EURO: Biggest WEAKNESS facing single currency REVEALED Eurozone WARNING: Euro growth looking 'pretty rough' until end of 2019 Pound to euro exchange rate: GBP to weaken against euro today “The GBP/EUR exchange rate is starting off the New Year trading in the region of €1.111,” Parsons said. “Today’s UK manufacturing PMI is expected to show a decline in output. “If the report prints as expected the pound could weaken against the euro. “Other data to look out for includes German retail sales and the Eurozone’s manufacturing PMI.” This comes as authorities warn the euro could be scrapped in 2019 if reform does not take place. The Centre for Economic and Business Research said in its annual predictions for 2019 “internal contradictions” would force the Eurozone to “integrate economically” or “risk breaking up.” Pound to euro exchange rate: GBP to weaken against euro today (Image: Getty Images) It added: “It is possible to defer the confrontation for a year or two but the boil will have to be lanced at some point since the Italians have clearly reached the point of austerity fatigue.” Thankfully for Britons, there are still countries which are weak against the pound, offering Britons a good exchange rate. Turkey is one of the best deals for Britons following the plummeting of the Turkish lira earlier this year, meaning more for the pound. According to Turkey’s Minister of Culture and Tourism, visitors will hit an all-time high, having seen more than 40 million in 2018. Britons also do not need to fear Brexit affecting holidays. A Downing Street spokesperson has said it was “categorically untrue” that people had been warned not to book trips beyond March 2019. Related articles Pound LIVE: GBP Sterling slips from 10-day high against US dollar Pound euro exchange rate: GBP buoyed Pound to euro exchange rate: The pound is currently trading at €1.1111 against the euro (Image: Bloomberg) Pound to euro exchange rate: Britons also do not need to fear Brexit affecting holidays (Image: Getty Images) How to get the best exchange rateSun, July 15, 2018 Exchange rate: How to get the best deal on your holiday money. Getty Images 1 of 8 How to get the best exchange rate Travel agents' body ABTA has said: “There is nothing to suggest that you will not be able to continue with your holiday plans after 29 March. “Even in a no-deal scenario, the European Commission and UK Government have said flights to and from the UK will still be able to operate. ABTA Chief Executive Mark Tanzer added: “UK citizens take over 50 million trips a year to Europe and it is the number one place people plan to visit next year. “Both the UK Government and the European Commission reiterated that flights will continue to operate between the UK and the EU after Brexit, and we welcome the Transport Secretary’s clear statement that travellers can continue to book with confidence.” Britons will not need a visa to visit the EU but they will need to apply for another a visa waiver to visit the continent. All rights reserved for this news site express.co.uk and under his responsibility