Pound to euro exchange rate: Sterling 'gains ground' ahead of Thursday's general election

Looking at the data exclusively for Express.co.uk, Michael Brown, Senior Market Analyst at Caxton FX said: “Sterling remained well-supported on Friday, and has gained ground this morning – breaking above the €1.19 mark for the first time in over two years – as markets become increasingly confident that Thursday’s general election will return a Conservative majority.

“Of course, the election will likely be the sole driver of the pound this week, with all eyes on the result, which will become clear early Friday morning.

“Sterling is set to gain ground if the Tories win a majority, due to the certainty it would provide on Brexit; while the pound will likely face headwinds if there is another hung Parliament.”

It has been a good week for sterling, with the pound surging to a two-year high last week.

source: express.co.uk