Pound to euro exchange rate: GBP remains rangebound – but will EU tensions cost Britons?

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13 shares, 92 points
Pound to euro exchange rate: GBP remains rangebound – but will EU tensions cost Britons?

In recent months the promise as a “deal” has seen the pound make significant gains, however, the threat of a “no-deal” has resulted in rapid declines. This is likely to be the pattern that continues.

Today the biggest concern is what will happen after the transitional period, with experts suggesting the EU will start to reduce London’s market access.

However, with little headway being made and no major changes anticipated for the day ahead, the pound is likely to remain rangebound.

The pound is currently trading at a rate of 1.1813 against the euro according to Bloomberg at the time of writing.

Speaking to Express.co.uk, Michael Brown, currency expert at Caxton said: “Sterling faces headwinds on Wednesday as markets remained jittery over the future UK-EU trading relationship, with the latest round of concern sparked by reports that the City’s access to the EU would be reduced after the transition period.

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