Sterling level suggests deal still possible
Updated / Friday, 11 Dec 2020
09:29
Euro/sterling is trading at its highest level in six weeks, just above 91p
The British pound dropped yesterday after the latest round of high-level trade talks between the UK and the EU failed to provide a breakthrough, extending a volatile run for the currency.
Euro/sterling is trading at its highest level in six weeks, just above 91 pence.
Lee Evans, Head of Foreign Exchange Trading and Strategy at Bank of Ireland Global Markets, said volatility has picked up since this day last week. Over the last three weeks we ve seen a 3% move higher, and again for many businesses with an exposure to sterling, they ll see that in their bottom line in terms of trading with their partners in the UK, Mr Evans said.