The pound to euro exchange rate could bring glimmer of positivity for traders as the mid-point of the week arrives. Sterling is set to enjoy a small boost, according to finance experts, who speculate it will “push higher” after a disappointing couple of days. As predicted, currency has been at the mercy of ongoing Brexit debates. The UK was set to leave the EU on March 29, yet Prime Minister Theresa May has confirmed she will write to the EU and request an Article 50 extension, to delay the process.
Amid the confusion the pound is currently trading at €1.167 according to Bloomberg, at the time of writing.
Laura Parsons, currency analyst at TorFX, spoke to Express.co.uk about the fluctuating currency rates.
She said: “The pound spent Tuesday fluctuating as the prospect of a third meaningful vote on PM Theresa May’s Brexit deal was ruled out.
“House of Commons Speaker John Bercow advised that the deal would need to see substantial change before it could be put to Parliament again.”
As well as the UK’s political developments, it appears UK-based employment data is also affecting the exchange rate.
Pound to euro: Sterling
