Sterling hits near-20 month high against Euro

Sterling hits near-20 month high against Euro

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This morning has seen the pound strengthen against the euro to reach a high not observed since February 2020.

Positive comments from the Bank of England over the last few weeks, coupled with progression on Brexit and the Northern Ireland protocol, as well as the latest UK unemployment figures have given investors more confidence around sterling. 

However, there are still concerns surrounding ongoing supply chain issues, recent fuel shortages and gas prices, increasing the potential for currency volatility in the short term. 

If you would like to discuss the implications for the pound, please call us on +44 (0) 207 823 7800 (Business) or +44 (0) 207 589 3000 (Personal) to speak to one of our expert dealers who can offer you guidance. Alternatively, to set up a payment yourself, login to your account.

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