Pound to euro exchange rate: GBP loses recent momentum

THE POUND, after a promising start to the week, has lost its recent momentum against the euro. Although the exchange rate remains above €1.140, “worst-than-expected” UK inflation results threaten the GBP.

The pound is trading at 1.1421 against the euro this morning, according to the latest Bloomberg figures.

The sterling started to look up this week after it was announced that the UK and EU leaders are “closer than ever” to agreeing on a Brexit deal. 

Following the Brexit news, the GBP exchange rates rallied “across the board” remarked Laura, a currency analyst at TorFX.

However, towards the end of yesterday, the pound lost its...
source: Express

2018-03-21 10:44
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