Sterling has enjoyed a strong start to the week, with the exchange rate rocketing on Tuesday. A positive few days for the value of the pound against the Euro has seen the impact of Brexit boost exchange rate figures. The pound reached a two month high last week, with a positive start to this week continuing the trend. At the time of writing, the pound is currently trading at €1.140 against the euro, according to Bloomberg at the time of writing.
Laura Parsons, currency analyst at TorFX, told express.co.uk: “Impressive UK employment figures helped the GBP/EUR exchange rate push above €1.141 on Tuesday.
“The pound posted modest gains against the other majors as UK average earnings unexpectedly increased and unemployment fell to a fresh low of 4.0 percent in the three months to November.
“The euro, meanwhile, failed to benefit from a slight improvement in the ZEW economic sentiment surveys.
“Today’s Confederation of British Industry reports could undermine the pound’s recent gains (as the measures of selling trends and sentiment are expected to decline) but losses against the euro would be limited if the Eurozone’s consumer confidence gauge falls as forecast.”
Meanwhile, the political discussions over Brexit have prompted
