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Pound Rises against the Dollar and Euro as Investors Continue to Cheer Rishi Sunak’s Northern Ireland Deal
The pound rose against the dollar and euro as investors continued to cheer Rishi Sunak’s Brexit deal.
On a second day of gains following the signing of the Northern Ireland deal, the pound rose above $1.21 and €1.14.
That was the highest level since January against the euro.
Gains: On a second day of gains following the signing of the Northern Ireland deal, the British pound surged above $1.21 and €1.14. That was the highest level since January against the euro
Kit Juckes, a strategist at Societe Generale, said it would be “unequivocally good” for the pound to push the deal through parliament.
He added: “Anything returning to a long-term, healthy economic and political relationship with Europe is a plus.”
Simon Phillips, managing director of travel money specialist No1 Currency, said: ‘The pound is ending February in style.
This is all welcome news for anyone planning an Easter holiday in Europe, as their pocket money now goes just that little bit further.’