The pound to euro exchange rate has shown some improvement today after falling for three consecutive days on Monday. Yesterday saw GBP make gains after the euro fell when ECB President Draghi said cutting interest rates would become “increasingly likely” should the Eurozone’s inflation situation fail to improve. Experts have warned the pound could be impacted today by the Consumer Price Index inflation release. There’s a chance this could see the exchange rate ameliorate further but political uncertainty continues to affect the single currency.
Pound to euro exchange rate: GBP makes gains - how much travel money will you get?
Today sees the third round of voting in the Conservative Party leadership election take place after Dominic Raab was knocked out yesterday.
The pound is currently trading at €1.122 against the euro, according to Bloomberg at the time of writing.
Michael Brown, currency expert at Caxton FX, spoke to Express.co.uk regarding the latest exchange rate figures.
“Sterling recorded its first daily gain in four days against the euro on Tuesday,” said Brown.
“It bounced back from a six-month low after dovish comments from ECB President Draghi - indicating further policy stimulus on the horizon - weakened the single currency.
“Turning to today, focus for the pound will be on this morning’s CPI inflation release.
Pound to euro exchange rate has shown some
