Yesterday British holidaymakers looked on with hope as the pound finally began to climb against the euro as the first day of Brexit talks kicked off.
But this morning the exchange rate has taken a nose dive – going from €1.14465 to €1.13583 to the pound.
The pound weakened as the second day of Brexit negotiations got underway. And the current exchange rate is sitting at €1.13700 to the pound (at time of writing).
Day one of the Brexit negotiations started in Brussels yesterday at 10.00 BST
Brexit Secretary David Davis said he would call for “a deal like no other in history” as he headed into talks with the EU.
But Britain caved in to the EU by agreeing to settle its “divorce” before trying to negotiate a future trade deal.
Top tips for getting the best exchange rate
Analysts believe this week’s Brexit talks will lead the pound to decline further.
The pound has been going through a volatile time since the election results sent shockwaves through the financial market two weeks ago.
Since then the already weakened pound hit lows of €1.12821 to the pound.
This News Copyright Owner :Source link