Pound to euro exchange rate: Sterling at ‘bottom of trading range’ but gains are possibl …

pound to euro exchange rate sterling at bottom of trading range but gains are possible

Sterling is doing slightly worse than yesterday, but still remains around the 1.15 handle. This is at the bottom of the trading range, according to one expert.

Mr Brown said: “Sterling softened a little against the euro yesterday, though continues to find strong support around the 1.15 handle, which is the bottom of the trading range that has been in play since mid-March.”

The currency expert mentioned that Private Mortgage Insurance surveys are taking place today within the financial calendar, but these are not expected to have an impact on the exchange rate.

He explained: “Today sees the release of ‘flash’ PMI surveys, which are unlikely to significantly move the needle, given expectations of similar economic performance on either side of the Channel.”

Sterling has struggled all week, despite experiencing its best day of the month on Monday.

Since Monday, the pound has continued to steadily decrease against the euro.

DON’T MISS: The hidden price of holidays this summer – How much do PCR tests cost?  [INSIGHT]Spain holidays: FCDO issues update on Spanish airport testing [UPDATE]Holidays: Travel expert hints at ‘green islands’ [COMMENT]

Yesterday, Mr Brown said: “Sterling endured a rather tedious day of trade yesterday, treading water just shy of the 1…

Want to know more click here go to source.

From -
Generic selectors
Exact matches only
Search in title
Search in content
Search in posts
Search in pages

Site Language

Travel Categories

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.