PUBLISHED: 09:22, Thu, Oct 29, 2020 | UPDATED: 09:23, Thu, Oct 29, 2020
The pound to euro exchange rate seemed to "ignore" toppling stock markets on Wednesday as the US and Europe attempt to battle rising coronavirus cases. Toughening anti-COVID-19 measures were also disregarded, with Brexit the focus instead, said experts. Looking ahead at today, the European Central Bank (ECB) will release a decision in the afternoon, keeping an eye on "any dovish surprises."
The pound is currently trading at 1.1074 against the euro, according to Bloomberg at the time of writing.
Michael Brown, currency expert at international payments and foreign exchange firm Caxton FX, spoke to Express.co.uk regarding the latest exchange rate figures this morning.
“Sterling ended the day unchanged against the common currency yesterday," said Brown.
"The pair ignored the equity market bloodbath and tightening coronavirus measures, instead focusing on the potential for a Brexit breakthrough."
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Pound euro exchange rate: “Sterling ended the day unchanged against the common currency yesterday" (Image: Getty Images)
Pound euro exchange rate: The pound is currently trading at 1.1074 against the euro (Image: Bloomberg)
He added: “A similar theme will likely continue today, though this lunchtime’s ECB policy decision will be closely watched for any dovish surprises amid the rapidly deteriorating pandemic situation."
So what does this all mean for your holidays and travel money?
Post Office Travel Money's today's online rates are marginally up on yesterday's.
The currency service is currently offering a rate of €1.0679 for over £400, €1.0834 for over £500 or €1.0890 for over £1,000.