Pound to euro exchange rate: GBP stable as Europe gears up to restart its economy

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Pound to euro exchange rate: GBP stable as Europe gears up to restart its economy 1

Denmark and Norway relaxed measures last week, following suit of neighbouring Sweden which took a more relaxed approach to the pandemic.

What impact this will have on the pound to euro exchange rate remains unseen.

In the UK, some retail shops and smaller take out food services are gearing up to reopen their doors.

Prime Minister Boris Johnson urged Britons to persevere with lockdown, suggesting that in doing so we will surpass the worst infection cases.

However, he has indicated that he will set out a “comprehensive” plan next week.

In it the reopening schools and methods of restarting the economy will be explained to Britons.

Britons currently are unable to go on holiday, as the Foreign and Commonwealth Office (FCO) is urging against all non-essential travel for an indefinite period of time.

Despite this, travellers should hold onto their euros.


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