Pound euro exchange rate ‘tranquil’ but eyes remain firmly on Brexit negotiations

1 min


By

Pound euro exchange rate ‘tranquil’ but eyes remain firmly on Brexit negotiations

“A UK-EU trade deal would be the best scenario for both sides and help generate growth in what is a fragile, pandemic-stricken climate,” said George Vessey, UK currency strategist for Western Union Business Solutions.

“Eyes are on the easing of second lockdowns and how quickly economies can bounce back.

Advertisements

“If the UK and EU fail to reach a deal and trade on World Trade Organisation terms, then this will ramp up trade costs, in the form of higher tariffs, quotas and other non-tariff barriers.

“Based on past performance, when no-deal Brexit fears rise, the pound falls and when hopes of a deal rise, the pound rises.

The travel ban is due to end on December 2, and the Government has announced its new “test to release” scheme set to slash quarantine from 14 days to five for those who provide a negative covid test five days after their return home.

With this in mind, many Britons need to change travel money.

Shopping around is absolutely key in getting your hands on the best rates.

Luckily, with the current lockdown also coming to an end on December 2, non-essential shops are reopening their doors meaning most high street travel money retailers will be open for business.

Advertisements

Like it? Share with your friends!

87
13 shares, 87 points

What's Your Reaction?

hate hate
21
hate
confused confused
11
confused
fail fail
4
fail
fun fun
2
fun
geeky geeky
23
geeky
love love
16
love
lol lol
18
lol
omg omg
11
omg
win win
4
win

0 Comments

Your email address will not be published.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

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format