Pound to euro exchange rate ‘strength to continue’ – when to swap travel money

The pound is currently trading at a rate of 1.1651 against the euro according to Bloomberg at the time of writing.

Michael Brown, currency expert at Caxton FX spoke with Express.co.uk to share his exclusive insight into the current exchange rate.

“’More of the same’ was the general theme of the day on Tuesday, with broader markets still concerned about the threat of rising inflation, and the cross consolidating much of the sizeable advance – to near one-month highs – that was made on Monday,” explained the expert.

“We are likely to remain in consolidation mode today, though our bias is for the recent sterling strength to continue; this morning’s UK GDP & eurozone industrial production data aren’t likely to be market movers.”

READ MORE: Jet2, TUI, easyJet, BA, Ryanair & Virgin updates 


Source

Related Articles

Leave a Reply

Your email address will not be published.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

Back to top button