Sterling hits highest since February 2020 versus euro – Reuters
- Date: 10-Jan-2022
- Source: Reuters
- Sector:Financial Markets
- Country:Middle East
Sterling hits highest since February 2020 versus euro – Reuters
Jan 10 (Reuters) - Sterling on Monday hit its highest level against the euro since February 2020 amid rate rise expectations and easing fears about the adverse impact of the Omicron variant on the economy.
Analysts said the currency has strengthened since mid-December as UK government resistance to further COVID-19 restrictions provided a much-needed boost to sentiment.
Britain has focused on rolling out booster vaccinations - which have reached more than 60% of the population - rather than requiring a return to lockdown measures.
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