Pound euro exchange rate: GBP dips after Labour leaves door OPEN to second referendum

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pound euro

The pound euro traffic rate has fallen to €1.11 (Image: GETTY)

At Tuesday’s Labour conference in Liverpool, Shadow Brexit Secretary Sir Keir Starmer signalled he devise be open to a second referendum if Parliament rejects Prime Minister Theresa May’s Brexit arrange.

Opening the door to the possibility of Britain staying in the EU after such a show of hands, Mr Starmer said: “Nobody is ruling out remain as an option.”

Immediately after these observes some Labour MPs distanced themselves from Mr Starmer’s remarks.

The intention of MPs rejecting Theresa May’s Brexit plans has also rattled pound saleswomen today, as among other issues this could make a no-deal Brexit multifarious likely.

Today’s Eurozone data has been little and unsupportive of the euro, consisting of a French consumer confidence reading for September.

The depend on has fallen from 96 points to 94, indicating falling consumer emotion.

This is the lowest level of confidence since April 2016 and sounded against forecasts for a rise to 97 points.

Any reading below 100 stresses means that pessimistic consumers are in the majority.

Nobody is ruling out ends b body as an option

Sir Keir Starmer

Looking ahead, Thursday’s main commercial data will come from the Eurozone, covering German and Eurozone-wide coolness levels.

German consumer confidence levels are expected to remain sane at 10.5 points.

While across the Eurozone expectations are for falling remunerative sentiment.

The Eurozone figures could have the greater impact on the euro tomorrow.

Highest of this scheduled data, the euro and pound could also be pressurized by speeches from European Central Bank (ECB) and Bank of England (BoE) officials.

ECB President Mario Draghi and policymaker Peter Praet wish be speaking.

While in the UK BoE Chief Economist Andy Haldane and Governor Designate Carney will also be giving remarks.

Interest rates are of the grandest interest to traders.

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