Sterling exchange rates have continued to fall since yesterday afternoon as the positive gains following the Italian referendum seem to have disappeared.
The focus will now turn to the ongoing discussions with the Brexit discussion and the current court case involving the Supreme Court.
Prime Minister Theresa May agreed yesterday that she will publish her plan about how the UK will leave the European Union but the timing of the release is as of yet unclear.
It appears as though Theresa May has had her hand forced by Labour who wanted to see what the plan is in order to proceed with Article 50.
Labour would like the plan to be published by January which may coincide with the judgment made by the Supreme Court.
The next potential for volatility for Sterling vs the Euro will come on Thursday when the European Central Bank meet to discuss their latest interest rate decision.
The ECB have been really struggling to control falling inflation recently and their current Quantitative Easing programme does not appear to have had the desired effect.
Therefore, I think even if the central bank does not change the current QE programme any hints that more easing could come could potentially see Sterling make some gains vs the Euro.
The NIESR publishes it latest set of GDP data for the three months up until November at 3pm today and although this data is not the official release it is usually fairly accurate and therefore often has a big impact on exchange rates.
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