Best week for pound since 2020 as market recovers from mini-Budget crash
The pound had its best week since July 2020 after a sharp recovery from a crash in the wake of the mini-Budget that sent it to record lows.
The pound had its best week since July 2020 after a sharp recovery from a crash in the wake of the mini-Budget that sent it to record lows.
The pound to euro exchange rate has remained in a tight range over the course of the last week as traders eagerly await the European Central Bank’s (ECB) monthly monetary policy decision. According to experts, while sterling has seen a boost in recent months, it now faces new “pressure” as traders await the Government’s decision regarding the June 21 […]
The pound to euro exchange rate continues to trade around the 1.16 mark, with experts suggesting there will be little in the way of movement over the next 24 hours. The steady position comes as Britons enter the second week of being legally allowed to jet off abroad under the Government’s “traffic light” system.
Sterling has remained “rangebound” against the euro this week, but it has at last hit the 1.16 mark against the euro. Due to retail sales and other events in the financial calendar, it could further increase throughout the day.
Although today is a busy day within the financial calendar, an expert warned that this does not mean that investors should expect “significant volatility” from the exchange rate.
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