Pound euro exchange rate boost as UK starts ‘unlocking’ while Europe battles ‘thir …

pound euro exchange rate boost as uk starts unlocking while europe battles third wave

Despite an uncertain year with the pandemic, it seems sterling is back on track with it reaching above the 1.18 handle on Easter Monday. At the time of writing, it remains slightly lower, what does this mean for travel money?

With Easter weekend over and European traders prepare to return, sterling is just above the 1.18 mark.

At the time of writing, the pound stands at 1.1773 against the euro, according to Bloomberg.

Michael Brown, currency expert at Carton FX, said: “Sterling briefly traded above the €1.18 handle on Easter Monday, though remains marginally south of this level this morning, as European traders prepare to return. 

“The move comes amid favourable UK tailwinds with the ‘unlocking’ roadmap set to continue as planned, and as the eurozone continues to grapple with a third wave of infections.”

READ MORE: Greece holidays ‘eclipse’ Spain for summer travel

“Today’s docket is fairly light, with the final manufacturing PMI surveys likely to be safely ignored by most.”

Currently, foreign travel is off the cards for Britons as the UK remains in its third lockdown, with the easing of restrictions every couple of weeks…

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