Sterling shoots to year high

Sterling shoots to year high

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Sterling has reached a new high for 2021 against the euro

The pound has been bolstered over rumours of a rate rise as soon as November, while the euro has struggled ahead of the European Central Bank’s meeting as little is expected from it. 

However, rising Covid cases and calls for Plan B to be implemented could shake sterling in the short term. 

With the Chancellor’s Budget tomorrow, and the Bank of England’s meeting right around the corner, many investors are preparing themselves for a bumpy few weeks. 

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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