The euro pound exchange rate was down at the start of the week to € 1.0955.
The pound is driven by developments in covid and Brexit.
Parts of the UK, including London, have been plunged into a Level 4 lockdown, while many countries in Europe are no longer receiving flights from the UK due to the discovery of a new mutant strain of covid which is 70% more infectious.
The euro has shown resilience despite less than impressive macro data and an increase in covid cases.
Attention will now turn to consumer confidence in the euro zone, which should remain at -17.6, at the same level in November.
Currencylive.com is a news site only and not a currency trading platform. Currencylive.com is a site operated by TransferWise Inc. (“We”, “We”), a Delaware corporation. We do not guarantee that the website will operate uninterrupted or error free or that it is free from viruses or other harmful components. The content of our site is provided for informational purposes only and is not intended to be an exhaustive treatment of its subject. We expressly disclaim any contractual or fiduciary relationship with you based on the content of our site, if you cannot rely on it for any purpose. You should consult qualified professionals or specialists before taking or refraining from any action based on the content of our site. Although we make reasonable efforts to update the information on our site, we make no representations, warranties or guarantees, express or implied, that the content on our site is accurate, complete or up to date, and DISCLAIM ANY IMPLIED WARRANTIES. OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. Some of the content posted on this site was commissioned by Us, but is the work of independent contractors. These processors are not employees, workers, agents or partners of TransferWise and they do not represent themselves as one. The information and content posted by these independent contractors has not been verified or approved by us. The opinions expressed by these independent contractors on currencylive.com do not represent our opinions.