The pound to euro exchange rate is again feeling the force of Brexit uncertainty as a new week of financial trading opens. Experts have noted sterling is “under pressure” as politics again dictates the movement of the economy, following Prime Minister Theresa May’s successful Brexit extension. Under Article 50, the UK will now leave the EU on October 31. The pound is currently trading at €1.156 against the euro, according to Bloomberg, at the time of writing.
Laura Parsons, currency analyst at TorFX, spoke to Express.co.uk about the financial scenario after the UK’s failed departure from the EU on April 12.
She said: “The GBP/EUR exchange rate starts this week trading in the region of €1.158.
“While the UK avoided crashing out of the EU without a deal on Friday, the prospect of an extended delay and all the ongoing uncertainty is keeping the pound under pressure.
“With no UK or Eurozone data due out today investors will be looking ahead to tomorrow’s UK employment figures.”
This suggests the pound to euro exchange rate could remain pretty static throughout the day.
Pound to euro: The pound is under 'pressure' at the start of a new week of trading (Image: Getty)
