[ad_1]
Reuters
Sterling at its highest versus euro since February 2020
“The sterling is a risk-on foreign money that can profit from the massive monetary and financial stimulus and a extra benign pandemic outlook,” Enrique Diaz, chief danger officer at Ebury, mentioned. Ebury’s short-term goal for the pound is at pre-pandemic ranges of round 83 pence per euro. “The Financial institution of England, which can in all probability be sooner than the Fed to taper its financial stimulus, will probably be among the many key drivers” of a possible rise of sterling in 2022, Diaz argued.
[ad_2]
Source link