Copy of Sterling nearly hits 1.20 against the Euro.
- cthwaytes
- Jan 12, 2022
- 1 min read
What does the Cockerel say?
11th January 2022
Good morning, Quick overview on GBP:
GBP/USD moves to 9-week high of 1.3620
GBP/EUR trading above 1.20 (0.8333) first time since Feb 2020
EUR/USD moves higher to 1.1350
GBPUSD
Against the US Dollar, GBP moves to 9-week high firstly starting with broad USD retracement. The UK British Retail Consortium showed that total sales in November were 5.0% higher in November that a year earlier. GBPEUR
GBP reached 1.20 (0.8333) against the Euro this morning. Sterling's recent strength against the Euro also likely reflects growing expectations of central bank divergence between the ECB and BoE. The UK's government's decision not to lockdown has kept the prospect of a second post-pandemic BoE rate hike in February alive.
FXSTREET
Please see below for more rates. Please call us if you need assistance on any SPOT or FWD contracts
FX Dealing Team
Phone: 0207 118 0021
GBP EUR 1.2000 | GBP ZAR 21.20 |
GBP USD 1.3620 | USD JPY 115.26 |
EUR USD 1.1345 | GBP PLN 5.444 |
GBP AUD 1.8950
| GBP NZD 2.009 |
GBP SGD 1.8414 | GBP CHF 1.2597 |
GBP HKD 10.6150 | USD CHF 0.9254 |
Please note these rates are interbank prices and not retail prices. These are sent as an indication.
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