Euro Zone unemployment and inflation figures tomorrow. Will the pound end the week on a high? (Mike Vaughan)

Pound to Dollar Rate Pushed Higher by Falling Covid Cases and Weak Dollar
Mike Vaughan

Sterlings fortunes have turned round this afternoon following a poor start to the day. Following some better Euro Zone consumer confidence figures the Euro pushed though 1.21, reaching a low of 1.2093. At the time of writing levels have pushed back above 1.2170 just a cent below the one year high of last week.

To finish off the week for GBP/EUR Friday is relatively quiet day from the pounds point of view but watch out for inflation figures from Europe at 10:00 along with unemployment data. Unemployment is expected to stay at 12.1% but any deviation from this and expect volatility for Euro exchange rates.

Should you have an upcoming exchange to arrange and you would like to discuss the currency service we provide and how we can help you achieve a better exchange rate than major banks and other institutions then please contact the office on +44 (0) 1494 787478 or email Mike at [email protected]