The euro could see another “lift” against the value of the pound on Tuesday. Experts claim strong retail figures in the Eurozone have sparked the positive news, with an increase in consumer spending both on the month and on the year, while the worth of the pound dropped. Sterling is currently trading at €1.115 against the euro, according to Bloomberg. Laura Parsons, currency analyst at TorFX, spoke to Express.co.uk regarding the latest exchange rate figures.
She said: “The GBP/EUR exchange edged slightly lower on Monday, easing to €1.113.
“Prime Minister Theresa May set the date for the parliamentary vote on her Brexit deal (15 January) but concerns that the deal will be rejected remain.
“The euro, meanwhile, received some support from the Eurozone’s retail sales figures for November.
“Consumer spending in the currency bloc increased 0.6 percent on the month and 1.1 percent on the year, smashing forecasts of 0.2 percent and 0.4 percent.”
She added: “Today’s Eurozone confidence indexes could give the euro another lift if they show an improvement in sentiment in December.
