Home Travel Pound to euro exchange rate: Sterling building ‘momentum’ with gain ‘consolidated today

Pound to euro exchange rate: Sterling building ‘momentum’ with gain ‘consolidated today

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The next movements of the pound will depend on Mr Johnson’s speech and the Government’s actions in regard to the COVID-19 restrictions.

UK Currency Strategist George Vessey shared his insight regarding the exchange rate and its relation to the coronavirus this week.

He said: “The downside remains limited though, amid optimism that the impressive pace of vaccinations in the UK would allow the UK Prime Minister Boris Johnson to lift COVID-19 restrictions and get the economy moving.

“PM Johnson is considering a staged exit from COVID-19 lockdown that would see pubs and restaurants reopen in May, and hospitality and domestic holiday industries reopening in July,” he added.



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