Pound to euro exchange rate: GBP unfazed as Boris Johnson ‘walks away’ from Brexit talks

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The pound to euro exchange rate has fallen victim to the turbulence of ongoing Brexit talks in recent weeks. Yet, despite current concerns over whether the UK will manage to successfully strike a deal, sterling has managed to hold its position in recent days.

On Friday, Prime Minister Boris Johnson made the decision to “walk away” from trade talk negotiations according to the BBC.

Despite this, EU leaders have said it it is willing to “intensify” talks in order to try and achieve a deal.

In a tweet, The European Commission’s Head of Task Force for Relations with the United Kingdom Michel Barnier said: “As stated by President

@vonderleyen on Friday, I confirmed that the EU remains available to intensify talks in London this week, on all subjects, and based on legal texts.

“We now wait for the UK’s reaction.”

Despite a lack of secure deal, however, the GBP has remained steady against the euro in the last 24 hours.

The pound is currently trading at a rate of 1.0997 against the euro according to Bloomberg at the time of writing.

Speaking exclusively to Express.co.uk, Michael Brown, currency expert at Caxton FX his insight into the current exchange rate.

He said: “Sterling ended the day unchanged against the euro yesterday, largely ignoring the continued to-ing and fro-ing over Brexit, taking the bluster from both sides for exactly what it was, and just plodding along without a care in the world.

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“Today is likely to follow a similar plan, with the market likely to remain attentive to the latest Brexit news, and the economic calendar once more devoid of any notable prints.”

Given the rapid changes in the current situation, predicting how the exchange rate will react is extremely hard.

Fortunately, there are some ways Britons looking to change their travel money can secure the best rates available to them.

Ivan Chalov, head of FX at financial technology firm Revolut says holidaymakers should keep a close eye on developments which could impact currency.

“Exchange rates are notoriously difficult to predict and fluctuate each minute, so the price you get will rarely be the same from day to day,” he told Express.co.uk.

“Allow plenty of time to watch currency movements, start looking at least one month before your holiday and buy when the rate is climbing and the pound looks strongest.”

He added: “Brexit has had a huge impact on the exchange rate this year, so UK travellers should keep an eye on the price and shop across a period of time for a stronger rate.”

Should holidaymakers happen upon a strong exchange rate, they can lock it in by opting for a travel money card.

“Exchange rates are notoriously difficult to predict and fluctuate each minute, so the price you get will rarely be the same from day to day,” he told Express.co.uk.

“Allow plenty of time to watch currency movements, start looking at least one month before your holiday and buy when the rate is climbing and the pound looks strongest.”

He added: “Brexit has had a huge impact on the exchange rate this year, so UK travellers should keep an eye on the price and shop across a period of time for a stronger rate.”

Should holidaymakers happen upon a strong exchange rate, they can lock it in by opting for a travel money card.

Travel money cards allow customers to load on a set amount of money, which maintains the exchange rate at the time fo purchase.

They can then be used much like a debit card but without the risk of any unexpected charges.

One big-name travel money provider which offers its own travel money card is The Post Office.

The Post Office is currently offering a rate of €1.0647 for amounts of £400 or more and €1.0857 for amounts of £500 or more.

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