Sterling surges on the euro and US dollar

Sterling surges on the euro and US dollar

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Sterling surges on the euro and US dollar

Sterling 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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