Close
Date TimeOctober 13, 2017
VoiceAFTER a fairly volatile day of trade, the pound is punching higher against the euro this morning following reports the UK could be offered a two-year Brexit transitional agreement.



GBP/EUR is currently at around €1.124, up around 0.35 per cent from its starting levels this morning and over a cent higher than the low of €1.109 struck yesterday.
Sterling continues to tear higher against the euro this morning after a report in Germany’s Handelsblatt newspaper late yesterday afternoon indicated that the EU may be willing to offer the UK a two-year transitional deal.
The two-year deal would see the UK remain part of the single market and customs union after the conclusion of Brexit negotiations, helping dampen the shock to British businesses and granting more time for a new UK-EU trade deal to be negotiated if needed.
Such a deal would be reliant upon the UK settling its financial obligations with the EU, an issue that has reportedly caused a “deadlock” in Brexit talks between the UK and the EU and prompted the pound’s brief tumble late yesterday morning.
However an internal EU draft document seen by the media suggests that the while progress is slow on this front the EU is confident that the issue of the UK’s divorce bill could be resolved by December, also opening the way for trade talks to finally get underway.
Meanwhile, while the euro has fallen back at the start of today’s session, analysts suggest that the currency could still see a resurgence later today if US inflation figures fail to impress in the afternoon.
Looking ahead to next week a lot of focus is likely to be placed on the UK’s latest CPI report on Tuesday with the GBP/EUR exchange rate likely to strike higher if inflation rises in September as expected.
Next week’s inflation data is seen as particularly important by markets as it will be the final reading ahead of November’s rate decision by the Bank of England (BoE), with economists predicting that another rise in inflation will place even more pressure on the bank to raise interest rates next month.

Pound V euro: GBP exchange rate against EUR surges amid Brexit deal reports

Meanwhile, the euro may also be strengthened on Tuesday as ZEW releases its latest German economic sentiment index, with analysts forecasting that it will have climbed from 17 to 19.5 in October on the back of recent strong economic growth.

Related Stories
Investigation Launched Into Awarding Of Grant To Boris Johnsons Close FriendInvestigation Launched Into Awarding Of Grant To Boris Johnson's 'Close Friend'
Labour NEC In Shock Move To Abolish Tom Watsons Deputy Leader PostLabour NEC In Shock Move To Abolish Tom Watson's Deputy Leader Post
Philip Hammond Says He Will Not Back Election As Brexit Crisis LoomsPhilip Hammond Says He Will Not Back Election As Brexit Crisis Looms
Man with no shame: the papers on Boris Johnsons performance in the Commons'Man with no shame': the papers on Boris Johnson's performance in the Commons
Mike Pence accused of humiliating hosts in IrelandMike Pence accused of humiliating hosts in Ireland
Trevor Noah and Stephen Colbert explain Boris Johnsons Brexit fiasco, find some silver liningsTrevor Noah and Stephen Colbert explain Boris Johnson's Brexit fiasco, find some silver linings
Stephen Colbert finds 2 things to envy in Britains shambolic, Brexit-torn government. One is Black RodStephen Colbert finds 2 things to envy in Britain's shambolic, Brexit-torn government. One is Black Rod
Loose Womens 20th Birthday Ends In Chaos As Mr Blobbys Eye Falls Off After Attacking Carol McGiffinLoose Women's 20th Birthday Ends In Chaos As Mr Blobby's Eye Falls Off After Attacking Carol McGiffin
Jeremy Corbyn Impersonates Boris Johnson As He Mocks Him For Lack Of Brexit DetailJeremy Corbyn Impersonates Boris Johnson As He Mocks Him For Lack Of Brexit Detail
BBCs Graham Norton struggles to explain the whole Brexit mess to Stephen Colbert and AmericaBBC's Graham Norton struggles to explain the whole Brexit mess to Stephen Colbert and America
Latest News
Caravan of 2,000 migrants detained in southern MexicoCaravan of 2,000 migrants detained in southern Mexico
Kurds announce deal with Damascus as Turkey pushes deep into SyriaKurds announce deal with Damascus as Turkey pushes deep into Syria
4 dead in shooting at illegal gambling site in Brooklyn4 dead in shooting at illegal gambling site in Brooklyn
Hong Kong police make arrests as small flashmob protests eruptHong Kong police make arrests as small flashmob protests erupt
Iran vows response to attack on tanker off Saudi coastIran vows response to attack on tanker off Saudi coast
Thousands join protest called by Haitis art communityThousands join protest called by Haiti's art community
Russia will work with Saudi to stabilise oil market: PutinRussia will work with Saudi to stabilise oil market: Putin
Johnson impeachment expert: Trump lawyer pounds the table in lieu of arguing law or factsJohnson impeachment expert: Trump lawyer pounds the table in lieu of arguing law or facts
Family ends search for missing CEO after a body is foundFamily ends search for missing CEO after a body is found
Hunter Biden breaks silence to help father JoeHunter Biden breaks silence to help father Joe
Leaders
Donald-TrumpDonald Trump
45th President of the United States of America
Mike-PenceMike Pence
Vice President of the United States
Boris-JohnsonBoris Johnson
British Prime Minister
Angela-MerkelAngela Merkel
Chancellor of Germany
Emmanuel-MacronEmmanuel Macron
President of France
Justin-TrudeauJustin Trudeau
Prime Minister of Canada
Nancy-PelosiNancy Pelosi
Speaker of the United States House of Representatives
Barack-ObamaBarack Obama
44th U.S. President
Theresa-MayTheresa May
Member of Parliament of the United Kingdom
Vladimir-PutinVladimir Putin
Russian President
Shinzo-AbeShinzō Abe
Prime Minister of Japan
Related Stories
Investigation Launched Into Awarding Of Grant To Boris Johnsons Close FriendInvestigation Launched Into Awarding Of Grant To Boris Johnson's 'Close Friend'
Labour NEC In Shock Move To Abolish Tom Watsons Deputy Leader PostLabour NEC In Shock Move To Abolish Tom Watson's Deputy Leader Post
Philip Hammond Says He Will Not Back Election As Brexit Crisis LoomsPhilip Hammond Says He Will Not Back Election As Brexit Crisis Looms
Man with no shame: the papers on Boris Johnsons performance in the Commons'Man with no shame': the papers on Boris Johnson's performance in the Commons
Mike Pence accused of humiliating hosts in IrelandMike Pence accused of humiliating hosts in Ireland
Trevor Noah and Stephen Colbert explain Boris Johnsons Brexit fiasco, find some silver liningsTrevor Noah and Stephen Colbert explain Boris Johnson's Brexit fiasco, find some silver linings
Stephen Colbert finds 2 things to envy in Britains shambolic, Brexit-torn government. One is Black RodStephen Colbert finds 2 things to envy in Britain's shambolic, Brexit-torn government. One is Black Rod
Loose Womens 20th Birthday Ends In Chaos As Mr Blobbys Eye Falls Off After Attacking Carol McGiffinLoose Women's 20th Birthday Ends In Chaos As Mr Blobby's Eye Falls Off After Attacking Carol McGiffin
Jeremy Corbyn Impersonates Boris Johnson As He Mocks Him For Lack Of Brexit DetailJeremy Corbyn Impersonates Boris Johnson As He Mocks Him For Lack Of Brexit Detail
BBCs Graham Norton struggles to explain the whole Brexit mess to Stephen Colbert and AmericaBBC's Graham Norton struggles to explain the whole Brexit mess to Stephen Colbert and America
Latest News
Caravan of 2,000 migrants detained in southern MexicoCaravan of 2,000 migrants detained in southern Mexico
Kurds announce deal with Damascus as Turkey pushes deep into SyriaKurds announce deal with Damascus as Turkey pushes deep into Syria
4 dead in shooting at illegal gambling site in Brooklyn4 dead in shooting at illegal gambling site in Brooklyn
Hong Kong police make arrests as small flashmob protests eruptHong Kong police make arrests as small flashmob protests erupt
Iran vows response to attack on tanker off Saudi coastIran vows response to attack on tanker off Saudi coast
Thousands join protest called by Haitis art communityThousands join protest called by Haiti's art community
Russia will work with Saudi to stabilise oil market: PutinRussia will work with Saudi to stabilise oil market: Putin
Johnson impeachment expert: Trump lawyer pounds the table in lieu of arguing law or factsJohnson impeachment expert: Trump lawyer pounds the table in lieu of arguing law or facts
Family ends search for missing CEO after a body is foundFamily ends search for missing CEO after a body is found
Hunter Biden breaks silence to help father JoeHunter Biden breaks silence to help father Joe
Leaders
Donald-TrumpDonald Trump
45th President of the United States of America
Mike-PenceMike Pence
Vice President of the United States
Boris-JohnsonBoris Johnson
British Prime Minister
Angela-MerkelAngela Merkel
Chancellor of Germany
Emmanuel-MacronEmmanuel Macron
President of France
Justin-TrudeauJustin Trudeau
Prime Minister of Canada
Nancy-PelosiNancy Pelosi
Speaker of the United States House of Representatives
Barack-ObamaBarack Obama
44th U.S. President
Theresa-MayTheresa May
Member of Parliament of the United Kingdom
Vladimir-PutinVladimir Putin
Russian President
Shinzo-AbeShinzō Abe
Prime Minister of Japan
Megyn Kelly Highlights 'Inconsistency' With Rose McGowan, Trump Lawyer Tweets
What Trump's move on Iran means for the US and the world
Trump administration introduces 5-year ‘sunset clause’ into NAFTA talks
Germany’s Brexit mind games: Merkel warns UK ‘time is running out’ to strike deal with EU
Iran nuclear deal: Trump 'will not sign off agreement'
WhatsApp set to make the biggest change since it was bought by Facebook
Trump has halted billions in key Obamacare payments to insurers
Trump to announce combative new approach to Iran
Seth Meyers Takes on Trump, Weinstein and 'Toxic Culture of Male Entitlement' in 'Late Night' Rant
WATCH OUT KIM: World’s biggest nuclear submarine from US arrives on North Korea doorstep
Israel says Trump UNESCO pullout means 'new era' at United Nations
Prince Harry calls for regular HIV and Aids testing
Game of Thrones’ Jason Momoa SLAMMED for joking about ‘raping beautiful women’ on show
Amazon Studios chief Roy Price suspended following harassment allegation - StreetInsider.com
Trump signs order to eliminate ACA insurance rules, undermine marketplaces - Washington Post
Jimmy Kimmel, Stephen Colbert, Seth Meyers Challenge Trump's Threat to NBC
Google to donate $1 billion to help people land technical jobs
Equifax takes web page offline after reports of new cyber attack - Reuters
Teen, 15, and alleged getaway driver, 30, arrested in 10 bank robberies
London's Brexit BOOM: Capital's growth to beat Paris and Frankfurt, study finds
Google forced to break the Home Mini to stop it spying on people - The Independent
China under attack: North Korea 'preparing to fire 30 Scud missiles at own ALLY next week'
California fires: Searchers seek hundreds of missing
Hurricane Ophelia TERRIFYING path to UK: Huge tropical superstorm to smash Britain IN DAYS
Seth Meyers Responds to Eminem's Anti-Trump Cypher With Rap of His Own
Officials Say They’re ‘Horrified’ By What They’ve Seen In Deadly Wildfires
Stock Market Shock: Google reported to be purchasing Apple in ‘ERRONEOUS’ Dow Jones hiccup
Ivanka Trump reveals hint of chest as she cosies up to Justin Trudeau and wife at event
Meddling Merkel: German Chancellor's team 'BLOCKING Barnier from opening talks with UK'
Cara Delevingne: Harvey Weinstein tried to lure me into a threesome
Remember that Canada is America’s biggest customer, Trudeau tells Congress in Washington
Jennifer Lopez, Marc Anthony and Alex Rodriguez Team for NBC Disaster Relief Benefit Concert
Barcelona News: Lionel Messi heroics for Argentina anger Real Madrid ace Cristiano Ronaldo
Matt Damon Interrupts Chris Hemsworth's Interview with Jimmy Kimmel
Facebook's VR headset Oculus Go doesn't require a phone or PC
Has US military helicopter been SHOT DOWN? Aircraft crashes in Japan near North Korea
Kimmel Shakes Up Late Night Ratings Race as Fallon Sinks
Facebook and Twitter face a 'bully tax' in Britain
Miley Cyrus shows of long tongue in Carpool Karaoke trailer
NFL owners to consider rule forcing players to stand for national anthem
Equifax says 15.2 million UK records exposed in cyber breach
Zuckerberg's social VR is a future nobody really wants or needs - Wired.co.uk
Newsnight: Theresa May right-hand man declares the 'UK WILL be worse off after Brexit'
US fails to reach 2018 World Cup; Argentina breathes sigh of relief
Previewing health order, Trump vows 'great, great' insurance
Harvey Weinstein denies rape accusations
How do I make money? What mortgage suits me? Top 10 most Googled financial questions
Lionel Messi, Cristiano Ronaldo, Luka Modric and more: How the stars might not actually align at the 2018 World Cup - The Independent
Google Chrome WARNING as THOUSANDS of users tricked into downloading THIS fake app
Macron can do NOTHING! Catalan MEP blasts French threat to punish an independent Catalonia
World War 3: North Korea hackers steal ultra-classified USA WAR PLANS
SpaceX launch stream: Falcon 9 rocket launches 10 Iridium NEXT satellites – WATCH it here
Netflix Italy Announces Soccer Docu-Series: 'Juventus FC'
While Netflix hikes, Hulu drops price for its entry-level plan
Late-Night Hosts Respond to Harvey Weinstein's Ouster
London Tube bomber's accomplice became council 'poster girl' after bosses failed to uncover criminal record - Telegraph.co.uk
Is Taylor Swift failing on the charts? Here's why her first two singles haven't soared
World War 3: Russia orders US to ABANDON North Korea fight as major conflict looms
Melania Trump responds to Ivana Trump calling herself 'first lady'
Trump demands border wall funds, immigration changes
Amazon's new Echo speaker with a touchscreen is on sale for the first time ever - Business Insider
Meryl Streep Speaks Out Against Harvey Weinstein
Google uncovers Russian-bought ads on YouTube, Gmail and other platforms - Washington Post
NIBIRU COVER UP? Mysterious death of scientists who ‘found Planet X’
Hillary Clinton attacks Brexit voters’ 'SMALL VILLAGE’ ideas that reject 'modern future'
Trump administration releases hard-line immigration principles, threatening deal on 'dreamers' - Washington Post
Apple Stores offer FREE coding sessions - Here's how you can learn these vital skills
Barcelona News: Lionel Messi gave blessing for Antoine Griezmann to replace Neymar
Miley Cyrus' Lip Sync Battle With Jimmy Fallon Is Exhausting Just To Watch
REVEALED: Why Prince Harry and Meghan Markle are 'permitted' to show affection in public
The world's most mysterious family tree
Dove apologises for ad showing black woman turning into white one
MAPPED: Which countries have nuclear weapons? Does North Korea have nukes?
SpaceX Rocket to Launch 10 Satellites Early Monday: How to Watch Live - Space.com
Elon Musk warns 'end of simulation we live is COMING SOON & AI will overtake human race'
End of Surface? Shock claims Microsoft could SCRAP tablet and laptop line
Rafael Nadal gives Nick Kyrgios advice after winning stormy China Open final
Lewis Hamilton wins Japanese GP to take big step towards F1 title - The Guardian
If you really like Samsung, you should probably buy an iPhone X
The Catalans who oppose a split from Spain
Hurricane Nate weakens to a tropical storm after making US landfall twice
Chelsea News: Antonio Conte thinking about quitting at the end of the season - EXCLUSIVE
Theresa May planning to 'silence Boris Johnson with imminent Cabinet reshuffle'
Trump says 'only one thing will work' with nuclear-armed North Korea
3 best and worst features of the Google Pixel 2 and Pixel 2 XL - The Verge
Meghan Markle secures Middleton wedding dress designer as Prince Harry proposal 'imminent'
PS5 release date killer feature gets update, will Xbox One X and Nintendo Switch follow? - Express.co.uk
North Korea issued World War 3 warning by Donald Trump - ‘Only one thing will work!’
At least 11 people injured as car hits pedestrians near London museum
'Tonight Show' Female Writers Pen Thank You Notes to Hillary Clinton
Tom Cruise falls in love with Essex town while filming Mission Impossible 6
BREAKING: Car 'ploughs into crowd' outside Natural History Museum - people injured
iOS 12: what we want to see - TechRadar
Irina Shayk suffers wardrobe malfunction as she exposes pants and bra in boob-baring gown
BREXIT BLOCK: Merkel and Macron CRUSH May's hopes for quick transitional deal
Google ditched Gear S4 and Apple Watch rivals from Google Store (and nobody even noticed)
Kate and William may make shock choice for royal baby’s godparents snubbing Prince Harry
Harvey Weinstein Will Reportedly Be Suspended From His Company
Wayne Rooney 'seen working off drink-driving community service at local garden centre' - Independent.ie
Thaad: US to sell $15bn missile defence to Saudi Arabia
'Black Mirror' Bosses, Cast Unveil One Season 4 Episode
'You have one hour or it will BLOW' Square evacuated by police after dramatic bomb threat
'Time traveller from 2048’ warns people 'aliens will attack earth in 2018’
Goodbye AOL Instant Messenger, or AIM
Congressmen press White House to revoke Jared Kushner's and Ivanka Trump's security clearances
Facebook tackles fake news with 'context' button
Catalonia referendum: Spain apologises to injured Catalans
Man Utd, Arsenal, Tottenham and Man City managers in running for September award
Putin’s Middle East power surge: Russia sells WEAPONS to Saudi Arabia in lucrative deal
How Ross From 'Friends' Predicted 'Black Mirror's' San Junipero
Google Home, Amazon Echo, Apple HomePod— or all 3? How to choose a smart speaker
Late-Night Hosts Take On Trump, Tillerson 'Moron' Report
Trump wins, Congress loses with Iran deal politics
Yahoo HACK hit BILLIONS - Find out if YOUR account was HACKED, how to change password
Catalonia is NOT alone: Mapped - the other European regions desperate for independence
Yes, San Juan Mayor’s ‘Nasty’ Shirt Was Aimed At Trump
Kate Winslet stripped NAKED for Idris Elba romp but you WON'T believe what he requested
CIA: Kim Jong Un isn't crazy
Julia Roberts Reenacts Her Film Career With the Help of James Corden
Catalan crisis: Spanish court bars MPs' independence move
British writer Kazuo Ishiguro wins 2017 Nobel Prize for Literature
‘Brexit should be a lesson!' Furious Hungary promises EU WAR over new Brussels crackdown
Welcome to England's chosen hotel for their Russia 2018 base... and it may not be what WAGS are used to - Telegraph.co.uk
Vladimir Putin gives 'lifeline' to Kim Jong-un in bid to save regime and stop World War 3
Google Clips camera: creepy or fun?
Queen has revealed her favourite song but it is not what you might think
NASA ‘solves’ baffling mystery of ‘alien megastructures’ surrounding distant Tabby’s Star
Evidence Suggests Las Vegas Shooter Planned Escape, Police Say
Catalonia leader attacks king's speech and insists region IS following democratic process
Google Pixel 2 XL and Pixel 2: Google unveils its iPhone rival
Miley Cyrus and Jimmy Fallon Freak Out Fans In 'Tonight Show' Photobomb Gag
France uses THATCHER QUOTE to demand Britain pays Brexit bill: 'We want our money back!'
Celine Dion donates concert proceeds to Vegas shooting victims: 'So many are still suffering'
Nicole Richie and Tina Fey Spoof Taylor Swift's 'Bad Blood' Video on 'Great News'
Las Vegas shooting: Stephen Paddock's girlfriend, Marilou Danley, returns to U.S., reports say
GET UP Boris! Moment Amber Rudd orders Johnson to STAND up for PM in show of support
Justin Trudeau Suggests $1 Per Gram Tax On Marijuana
Catalonia could BRING DOWN EU: Brussels warned NOT to wash its hands or risk its FUTURE
Yahoo tops the list of largest ever data breaches
Vegas shooter modified guns for rapid fire, used cameras to monitor police
Bitcoin to hit highest level EVER as with digital currency set to be worth £6,000 per coin
French police arrest couple with ROCKET LAUNCHER near Marseille days after knife terror
Theresa May: Boris Johnson isn't undermining me
Catalonia Referendum: Spain's King Felipe calls independence vote illegal and undemocratic
Ellen DeGeneres Offers 'Message of Hope' After Las Vegas Massacre
Shame on Labour! Priti Patel demolishes Corbyn's 'vile brand of socialism' in fiery speech
Trump landed in Puerto Rico and wasted no time before criticizing its leaders
Why Equifax will continue to profit by selling your personal information
David Davis speech LIVE: UK is READY for NO DEAL - Brexit secretary hints at alternative
Storms, earthquakes, North Korea and now the Las Vegas massacre. We have to wonder: 'What's next?'
'Game of Thrones' Podcast: The Cost of Moving the Mountain
Spain in CHAOS: Police evicted from hotels after BRUTALITY of Catalonia referendum vote
BREAKING: EU MEPs declare NO sufficient Brexit progress in vote blasted a 'distraction'
Facebook: Russian ads reached 10 million people
Longer jail terms for viewing terror content online
Don't bash Britain over Brexit: 'Schadenfreude' is DEVASTATING the EU, warns German paper
Late-Night Hosts Speak Out About Gun Violence in Wake of Las Vegas Tragedy
'Shots fired' at California university – police order students to take shelter
'Beyond horrific.' Country music world stunned by Las Vegas shooting
Mariah Carey Reacts to Vegas Shooting on Live TV: 'It's Terrible'
SPAIN IN CRISIS: Stock market crash over Catalonia chaos - ‘WORST outcome for Madrid’
The Las Vegas attack is the deadliest mass shooting in modern US history
'The Gifted': Who's Who in Fox's New X-Men Series
BREAKING: ISIS claims responsibility for Las Vegas shooting - 'he converted months ago'
Sandy Hook Senator: ‘It’s Time for Congress To Get Off Its Ass And Do Something’
Las Vegas shooting: What we know
Las Vegas shooting: 'YOU'RE ALL GOING TO DIE' – SHOCK WARNING 45 minutes before attack
Who is Stephen Paddock? Las Vegas shooting suspect named as 64-year-old man
More than 20 dead after shooting on Las Vegas Strip
Catalonia referendum: Catalans to ‘declare INDEPENDENCE’ after 90 per cent Yes vote
Las Vegas shooting video: HORRIFYING moments shots ring out across Mandalay Bay concert
Couple admits to stealing $1.2 million from Amazon
North Korea provided with internet by Russian company despite UN sanctions
Catalonia votes to LEAVE Spain as 90 per cent say 'Yes' in referendum
Catalan referendum: muted response from EU leaders over police crackdown - The Guardian
‘Not European anymore’ Furious Catalans slam EU for silence over police violence in Spain
Trump: Tillerson 'wasting his time' negotiating with North Korea
2 women stabbed to death at Marseille train station, attacker shot dead
Catalan government: '465 injured by Spanish police violence' during referendum - live
FC Barcelona bars public from match amid Catalan vote chaos
BREAKING: Marseille attack: Knifeman shot dead by army as one killed in stabbing
REVEALED: China’s plans to ‘REMOVE’ volatile North Korean leader Kim Jong-un
Catalan referendum: Police fire grenades and rubber bullets as voters bleed in streets
Catalonia referendum LIVE: Riot police STORM polling stations as independence vote begins
US talking to North Korea 'directly,' Tillerson says
Meghan Markle and her mother cozy up to Prince Harry at Invictus Games closing ceremony
Ryan Gosling Makes Fun of His 'La La Land' Character in 'SNL' Opener
Royal Canadian Legion Sends A Chilling Message To Employees
SEE IT: Engine destroyed on Air France flight from Paris to LA - New York Daily News
Trump called San Juan's mayor a weak leader. Here's what her leadership looks like. - Washington Post
Your Google Assistant: Now on Android TV
Elon Musk: Rockets will fly people from city to city in minutes
Shay Mitchell to Star in ABC Drama From 'Pretty Little Liars' Creators
‘We expect CHAOS’ Neo-Nazi group descend on Swedish city as police arrest protestors
Spanish police move to enforce ban on Catalan independence poll
HHS Secretary Tom Price resigns
Jay-Z and Ryan Gosling Are 'Together Again at Last' in 'SNL' Promos
Brexit: Boris Johnson urges two-year transition time limit
Barack Obama joins Prince Harry for Invictus surprise
World War 3 threat: North Korea spotted moving MISSILES from rocket facility
Close