Pound to euro exchange rate falls again following the release of the Brexit White Paper.
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HE POUND has ended the week falling against the euro following the release of the Brexit White Paper, invoking debate over the free trade deal and the future of the UK leaving the EU.
The 104-page document has highlighted the relationship between the UK and the EU after Brexit that is currently being proposed.
Laura Parsons, currency analysts at TorFX, explained to Express.co.uk how the pound has moved this week.
She said: “Unbelievably, we’re already at the end of another week.
While it started with a bang (exit Boris) it looks set to end with a whimper, and not just because England’s World Cup dreams have ended.
“With no notable UK data to contend with, demand for the pound has been driven by Brexit speculation.
“With the Government’s hotly-anticipated Brexit whitepaper coming under fire, the GBP/EUR exchange rate is currently on course to end the week down slightly from its opening levels at €1.131.
“That being said, today’s speech from a prominent Bank of England (BoE) official could spark some last minute movement before the weekend.”
The White Paper has outlined four key chapters: economic partnerships, security, co-operation and institutional arrangements.