PUBLISHED: 10:05, Thu, Jan 2, 2020 | UPDATED: 10:07, Thu, Jan 2, 2020
The pound to euro exchange rate volatility is far from over in 2020, experts have said. Last year saw Brexit frequently provide a barometer for sterling’s movements. However, political developments will continue to have a heavy bearing on GBP and its movements this year too.
At the end of 2019, sterling was on a “relatively firm note,” explained experts.
This was partly thanks to “thinner than usual festive trading conditions.”
As for today, new figures will be released which could impact GBP.
The latest manufacturing PMI figures will be the focus.
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Pound euro exchange rate: Political developments will continue to have a heavy bearing on GBP (Image: Getty Images)
Pound euro exchange rate: The pound is currently trading at 1.1795 against the euro (Image: Bloomberg)
These are expected to show activity in the sector contracting for an eighth straight month.
The pound is currently trading at 1.1795 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 ended 2019 on a relatively firm note, benefitting from year-end flow-related euro weakness in thinner than usual festive trading conditions,” he said.
“Today, attention will likely centre on the