GBP/EUR hits new nine-month high

Sterling has hit a new high against the euro, last seen in April 2020

1 minute read

Many believe the current success of the UK vaccination programme combined with Brexit ambiguity disappearing has caused this move.

The pound has been on a steady rise against both the euro and the US dollar since early 2020, when levels were just 1.06 GBP/EUR and 1.20 GBP/USD. This is an 8.5% appreciation against the euro and over 20% against the USD. As the future trading relationship between the UK, the US and Europe continues to evolve, we anticipate the potential of further volatility in the coming months.

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GBP/EUR hits new nine-month high