The pound remains propelled by Brexit this week and is steady against the major currencies. Sterling is currently trading at €1.113 against the euro, according to Bloomberg. Brexit continues to serve as a barometer for the pound’s movements against the euro. Prime Minister Theresa May has warned MPs that a second referendum on Britain leaving the European Union (EU) would “break faith with the British people.”
May addressed the Commons as she fights to ease Cabinet tensions over her withdrawal agreement.
She said a new national poll would do “irreparable damage” to the integrity of British politics.
“Let us not break faith with the British people by trying to stage another referendum,” said May.
“Another vote which would do irreparable damage to the integrity of our politics, because it would say to millions who trusted in democracy, that our democracy does not deliver.”
She revealed the vote on the EU-UK Brexit deal will take place on 14 January in the New Year.
Laura Parsons, currency analyst at TorFX, spoke to Express.co.uk regarding the latest exchange rate figures.
“As the final full week of trading of 2018 gets underway the GBP/EUR exchange rate started out in the region of €1.112.
“Brexit is, of course, still dominating headlines and driving GBP movement, with PM Theresa May slamming calls for a second referendum.
Last week saw GBP improve following Theresa May’s comeback in the leadership challenge.
After her win, May said: “I am pleased to have received the backing of my colleagues in tonight’s ballot.
“While I am grateful for that support, a significant number of colleagues did cast a vote against me and I have listened to what they said.”
Travel expert Simon Calder has explained that Brexit shouldn’t put Britons off booking a holiday in 2019.
On ITV audiences This Morning show yesterday, Eamonn Holmes referred to the current worries circulating around Brexit and 2019 travel “project fear” but Calder reassured that the EU has said flights will continue if no Brexit deal is reached.
“I would have no hesitation booking a package holiday,” Calder said on the show.
“The worse that will happen is you will get your money back.” He pointed out that it could be helpful to visit proper travel agents for those who are worried.
What’s more, the current scare stories could result in more bargains as people are dissuaded from travel.