Sterling hit the heights against the euro yesterday, close to its strongest rate since the Brexit vote nearly six years ago.
The launchpad was escalating problems in the Ukraine which have stifled the euro, but providing the rocket fuel was Markit PMI for the UK that left other major economies in the shade.
The extraordinarily good services result was better than Germany, France and the eurozone generally, although these all also beat expectations.
Against other currencies, however, including the US dollar, sterling struggled.
It was a day where a lot happened. President Putin ordered tanks into regions of the Ukraine, claiming a peacekeeping role. This looks likely to start Western sanctions.
In the UK, Prime Minister Boris Johnson announced an end to all Covid-19 restrictions and a “transition back towards normality”. This will end the legal requirement to self-isolate if you catch the virus. Free mass testing will end on 1 April.
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