The pound to euro exchange rate has been “fluctuating” throughout the uncertain months of UK Brexit negotiations. After Prime Minister Theresa May’s latest vote on her Brexit divorce deal on February 14, the value of sterling plummeted. Meetings in Brussels this week, which have increased potential for a no deal Brexit, have also prompted a fall in the value of the pound. Yet should Mrs May and European Commission boss, Jean-Claude Juncker, come to an agreement about the terms of exit prior to March 29, as part of an official deal, finance experts suggest this could spell good news.
Ian Strafford-Taylor, CEO of currency expert, FairFX, has suggested it is “possible” a deal-oriented Brexit could be favourable.
He told Express.co.uk: “It’s possible that the pound will strengthen if the UK and EU can agree a divorce deal, but it all depends on the deal itself.
“If the market feels the deal isn’t economically favourable to the UK, then we could even see the pound lose ground.
“The most likely way we could see the pound strengthen is if a deal is agreed that is economically favourable to the UK.”
Meanwhile, Ian maintained any outcome was possible in light of the current political turmoil.
Brexit deal: A Brexit deal could spell good news for the pound (Image:
