Pound rises against dollar and euro as investors continue to cheer Rishi Sunak’s Northern Ireland deal

By Daily Mail City & Finance Reporter

Published: 22:00 GMT, 28 February 2023 | Updated: 22:00 GMT, 28 February 2023

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

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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