Pound rises against dollar and euro as investors continue to cheer Rishi Sunak’s Northern Ireland deal
The pound rose against the dollar and the euro as investors continued to cheer Rishi Sunak’s Brexit deal.
On a second day of gains following the signing of the agreement on Northern Ireland, sterling rose above $1.21 and €1.14.
That was its highest level against the euro since January.
Gains: On a second day of gains following the signing of the agreement on Northern Ireland, sterling rose above $1.21 and €1.14. That was its highest level against the euro since January
Kit Juckes, a strategist at Societe Generale, said pushing the deal through Parliament would be ‘unambiguously good’ for the pound.
He added: ‘Anything that gets back towards a long-term healthy economic and political relationship with Europe is a plus.’
Simon Phillips, managing director at the travel money specialists No1 Currency, said: ‘The pound is ending February in style.
All this is welcome news for anyone planning an Easter break in Europe, as their spending money will now go that bit further.’
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