Sterling surges on the euro and US dollar
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Sterling surges on the euro and US dollar
1 minute readSterling has started Easter weekend outperforming the euro and US dollar as risk appetite returns.
An upbeat mood in the markets, in anticipation that the Covid-19 pandemic will soon have ran its course pushed sterling to a one-week high against the US dollar. Sterling also made gains as reports say that PM Boris Johnson’s condition is improving in the ICU.
Closing on a one month high against the euro, sterling has buoyed against a euro stagnant from the failure of Eurozone ministers to find common ground on fiscal stimulus. After a 16-hour video conference, they were unable to agree on a way to provide emergency finances to the countries – particularly Italy – hardest-hit by Coronavirus.
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