Today Michael Brown, currency expert at international payments and foreign exchange firm Caxton FX, spoke to Express.co.uk about the latest exchange rate figures this morning.
Brown said: Sterling, after notching fresh six week highs, pulled back a touch against the common currency yesterday, with the market appearing rather rudderless on the whole once more. It should be a rather quiet end to the week for the cross, with consolidation the likely theme.”
There has been a lack of impetus in the market for growth, Mr Brown explained yesterday.
Pound increases against the euro in exchange rate
At the time he told Express.co.uk: Sterling notched fresh six week highs against the common currency yesterday morning, though couldn’t extend gains amid a lack of fresh impetus to give the bulls control.