PUBLISHED: 08:04, Tue, Dec 1, 2020 | UPDATED: 08:05, Tue, Dec 1, 2020
The pound to euro exchange rate traded "choppily" between a relatively narrow window yesterday, as the month of November drew to a close. Brexit discussions continue to render the market "volatile," said experts. New manufacturing data is out today but will likely be "largely meaningless."
Experts predict not much will change this week.
The pound is currently trading at 1.1194 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.Insurance Loans Mortgage Attorney Credit Lawyer
"Sterling-euro traded within a relatively tight range yesterday, though was choppy between those boundaries," said Brown.
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Pound euro exchange rate: Brexit discussions continue to render the market "volatile," said experts (Image: Getty Images)
Pound euro exchange rate: The pound is currently trading at 1.1194 against the euro (Image: Bloomberg)
"Conflicting reports from the post-Brexit UK/EU trade talks continued to make for a volatile market.
"I would expect similar themes to dominate today, and for the remainder of this week, with today’s manufacturing PMIs largely meaningless.”
Brexit will continue to impact sterling throughout the week.
"We are entering yet another ‘crunch week’ for