The pound is currently trading at 1.1057 against the euro, according to Bloomberg at the time of writing.
Michael Brown, currency expert at international payments and foreign exchange firm Caxton FX, spoke to Express.co.uk regarding the latest exchange rate figures this morning.
“Tuesday’s Brexit optimism had a bucket of cold water poured over it on Wednesday, with Michel Barnier’s comments that a deal ‘hangs in the balance’ dampening expectations of an imminent breakthrough,” said Brown.
“As such, sterling sunk, hitting its lowest levels since late-October against the common currency.”
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