The pound has seen a failing exchange throughout the week, and the scenario remains the same on Friday.
The pound is currently trading at €1.106 against the euro, according to Bloomberg, and was able to hold against the currency yesterday.
A busy week for Prime Minister Theresa May and politicians saw a block on the spending powers of the Treasury should there be a no-deal Brexit, before the Conservative leader was tasked to drum up another agreement in three days.
Meanwhile Bank of England governor Mark Carney’s speech on Wednesday served to add further uncertainty, resulting in another fall for the pound.
Laura Parsons, currency analyst at TorFX, spoke to Express.co.uk regarding the latest exchange rate figures.
She said: “The GBP/EUR exchange rate fluctuated around €1.107 on Thursday.
“Although the pound fell against the other majors on the news that Labour plans to table a vote of no confidence in Theresa May’s government if the Brexit deal is rejected, Sterling was able to hold steady against the euro.
“The common currency came under pressure of its own as minutes from the latest European Central Bank (ECB) policy meeting revealed that some policymakers wanted to
