Today, the pound to euro exchange rate was 1.1773€, according to Bloomberg at the time of writing.
Speaking exclusively to Express.co.uk, Michael Brown, currency expert at Caxton said: “Sterling was subdued on Friday, with a lack of any major headlines or data releases contributing to the quiet trading conditions.
“This week, sentiment around the pound will continue to be dominated by reports on UK-EU trade relations, as well as Tuesday’s fourth quarter GDP report.”
Following the UK’s departure from the EU – thus entering a period of transitional arrangements – on January 31, it is up to Boris Johnson to secure viable deals for the UK moving forward.
READ MORE: Spending on this day could help you bag a bargain on your cruise holiday
source: express.co.uk