The pound to euro exchange rate is on a stronger footing on Tuesday amid the release of UK employment figures. Sterling has been at the mercy of the UK’s ongoing Brexit negotiations for months, plummeting with the prospect of a no deal and re-building after signs of support for a Withdrawal Agreement and Article 50 extension. Yet it is today's key statistics, which study the number of men and women both in and out of work measured by the Labour Force Survey (LFS), which could hold a great sway. The pound is currently trading at €1.158, according to Bloomberg, at the time of writing.
Laura Parsons, currency analyst at TorFX, spoke to Express.co.uk about the potential upturn.
She said: “After a fairly uneventful day the GBP/EUR exchange rate closed out Monday’s European session trading in the region of €1.159.
“As long as we don’t see any surprising Brexit developments today, the pound could be moved by the UK’s latest employment figures.
“Solid average earnings data could be enough to give the pound a little boost.”
Meanwhile the scenario for the Euro could be turned on its head for the worst.
Pound to euro: Sterling could see a 'little boost' today (Image: Getty)
Laura added:
