The pound recovered some ground against the euro on Good Friday, the start of the Easter bank holiday and the day on which most Britons are set to jet away. Sterling has been under pressure throughout the entirety of the week, as reported by Express.co.uk. The release of UK employment data and inflation figures failed to see the pound surge, while the Euro enjoyed a boost from the eurozone. The pound is currently trading at €1.156 against the euro, according to Bloomberg, at the time of writing.
This marks a very slight increase on Thursday’s figures of €1.154.
Michael Brown, Senior Analyst at Caxton FX comments on the Pound, talked how the end of the parliamentary recess – with Brexit dominating the exchange rate - could impact the economy.
He said: “Sterling continues to mark time in the absence of any fresh Brexit-related news, though, with Parliament in recess this week, the busy economic calendar may provide markets with some relief from the political merry-go-round.”
The pound to euro exchange rate has been suffering since the Brexit referendum, with consequent uncertainty only causing it to drift further.
Fears of a no deal Brexit – which remains a possibility on the UK's Brexit date of October 31 - have previously sent the pound plummeting.
Pound to euro: The pound has seen a slight boost at the start of the Easter break (Image: Getty)
UK Prime Minister Theresa May has secure an Article 50 Brexit extension, which means the UK
