Pound to euro exchange rate: Sterling ‘crawls slightly higher’ after last week’s dip

Pound to euro exchange rate: Sterling ‘crawls slightly higher’ after last week’s dip
 

The pound has stayed at its lower rate against the euro today.
It now converts to €1.126, based on a figure at 5:00 AM.
However, there has been fluctuation all morning which is now trending upwards – a rise of 0.06 per cent.
The pound saw a steep drop last Thursday as the Bank of England announced an interest rate hike.
Laura Parsons, currency analyst at TorFx said: "After Thursday’s dramatic losses, the pound was able to crawl slightly higher before the weekend.”
She said this increase was “thanks to a better-than-forecast UK service sector report”.
However, Laura warned this small... read more

 
6 November 2017 in Travel, Views: 38
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