Sterling has come tantalisingly close to its highest rate for over five years against the euro early this morning, 9% stronger than this time last year.
It has also reached an eight-week high against the US dollar. To lock in this rate, call your trader on 020 8003 4915.
The prompt was an announcement from the Prime Minister yesterday that England would “ride out” the Omicron wave of Covid-19 with a “good chance” of no further restrictions being imposed. Current “Plan B” measures, including mask wearing and working from home, are expected to continue beyond the current 28 January term.
Plans may be announced today to end current rules on the need for a PCR test following a positive lateral flow test, including for travellers to the UK, due to a shortage of PCR tests and the reliability of lateral flow tests. Those with a positive test will still need to self-isolate.
While sterling has reached, but failed to break, the €1.20 barrier, there is no guarantee that it will continue in an upward direction.
To lock in your GBP/EUR rate today, very close to its strongest for over five years and 6% above the five-year average, call your trader today on 020 8003 4915.
