Pound hits 21-month high against euro as single foreign money falls amid threat of new lockdowns on the Continent
Pound up: Sterling rose as high as €1.1929 – a stage not seen since February 2020
The pound hit a 21-month high against the euro because the threat of coronavirus lockdowns on the Continent hit the only foreign money.
Sterling rose as high as €1.1929 – a stage not seen since February 2020 and up 12 per cent from the pandemic low of €1.06 in March final 12 months.
With Europe as soon as once more changing into the epicentre of the pandemic, Austria entered its fourth nationwide lockdown and mentioned it could be obligatory to be vaccinated from February 1.
A fourth wave of infections has additionally plunged Germany – Europe’s largest economic system – right into a nationwide emergency and a full lockdown may comply with. Analysts at ING mentioned the UK appeared ‘barely extra resilient’ to the recent wave of Covid circumstances at the second – boosting the pound against the euro.
Pound at 21-month high against euro amid threat of lockdowns in Europe Source link Pound at 21-month high against euro amid threat of lockdowns in Europe