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Despite Theresa May triggering Article 50 last Wednesday, the pound remains strong against the euroand has been tipped by analysts to keep on rising. It will be good news for those travelling abroad if the pound continues to surge.

As well as holidaymakers' money going further against foreign currencies, importing goods from outside Britain will also become cheaper.

Pound to euro exchange rate: sterling surges after Theresa May's Brexit speech | London Evening Standard

Analysts at Barclays believe the pound has been cheaper than a number of different currencies during the depths of the financial crisis and the International Monetary Fund bailout by Britain in the s.

Finance experts Citi, Nomura and Barclays add that near record bets against the pound will begin to unwind if positive tones from the EU and Britain continue and US President Donald Trump has troubles implementing his proposed reforms.

Sterling was up almost 1 per cent 0. There has so far been little backlash in the immediate wake of Theresa May triggering Article 50 to star the official Brexit process on Wednesday, helping the pound to recover.

On Thursday, the Government published the Great Repeal Bill, which also helped give sterling a boost. This gives more certainty to businesses, workers exchange rate uk sterling to euro investors, allowing them to better plan for a future outside the EU.

TorFX head of trading Adam Solomon said: If big banks start advising their clients to unwind short positions and start betting on the pound, the prospect of a make money selling concert tickets north of 1.

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Pound to euro exchange rate: Sterling tipped to keep RISING following Brexit trigger THE POUND is forecast to keep on rising in April having reached a one month high against the Euro last Friday. How to get the best exchange rate Tue, March 28, Exchange rate: How to get the best deal on your holiday money.

How to get the best exchange rate.

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