Pound euro exchange rate steady as Jeremy Corbyn finally backs pre-Christmas election

1 min


89
13 shares, 89 points

Mr Corbyn said: “We have now heard from the EU that the extension of article 50 to 31 January has been confirmed, so for the next three months, our condition of taking no deal off the table has now been met.” Although the UK now faces weeks of political uncertainty around Brexit, this failed to weigh on the pound to euro exchange rate today. In UK economic news, today saw UK consumer credit for September sink below consensus to a five-year low of £0.828 billion, with the Bank of England blaming the credit slowdown on Brexit uncertainty. 

Meanwhile, the euro failed to gain on the pound following this morning’s release of the French consumer confidence figure for October, which held on to its 20-month peak of 104. 

Analysts at Reuters commented: “Fears of unemployment have strongly receded in recent months which – together with the fiscal boost – helped consumers to restore faith in their future financial situation.

Since the summer, they have been more confident in their future ability to save.”


Like it? Share with your friends!

89
13 shares, 89 points

What's Your Reaction?

hate hate
18
hate
confused confused
10
confused
fail fail
4
fail
fun fun
2
fun
geeky geeky
20
geeky
love love
14
love
lol lol
16
lol
omg omg
10
omg
win win
4
win

Read exclusive latest news on entertainment, music, gaming and more topics with unprecedented coverage from around the UK and US.

0 Comments

Your email address will not be published. Required fields are marked *