Pound surges to 21-week high
How times have changed.
People are now encouraged to wear a mask into a bank!
August is up and running, and so is the Pound.
Against the US Dollar, the Pound is sitting at a 21-week high – which puts it back up to pre-Coronavirus levels.
The trend has been less clear against the Euro; however the Pound has enjoyed a mini-rally recently, with the GBP/EUR rate at 3-week highs.
There is some tepid optimism in the air.
Two-thirds of British businesses say they are now “fully operational”, which is up from half in June, according to a CBI survey.
But the risks of a second lockdown, a weak economy and stagnant Brexit negotiations make the outlook highly uncertain for Sterling.
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