After struggling at the beginning of this week, the pound is stronger against the euro this morning. Despite a market dip, which caused the pound to suffer, it is now being supported by the outperformance of the FTSE 100 and expectations for a Bank of England rate hike next week.
The FTSE 100, a share index of the 100 companies listed on the London Stock Exchange with the largest market value, saw rises in companies such as InterContinental and Whitbread this morning.
Data revealed yesterday that manufacturing optimism has dropped in the first quarter of 2022, as the sector continues to face cost and price pressures, as well as supply issues.
