Pound to euro exchange rate: Sterling’s gains ‘swiftly reversed’ due to inflation & Brexit

THE POUND lost its accrued gains yesterday when UK inflation dipped below forecast combined with continuing Brexit deal concerns, but there’s still hope for the pound today, say experts.

The pound is suffering today after the week’s gains took a tumble due to UK inflation coming in “below forecast,” said experts.

The Irish border issue threatening to affect a Brexit deal is also having a negative influence on the pound.

However, the pound could still improve today if domestic retails sales go well, suggested experts.

The pound is currently trading at €1.138 against the euro, according to Bloomberg.

Laura Parsons, currency...
source: Express

2018-10-18 10:20
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