"A bit more juice in sterling," says Kit Juckes, head of FX research at Société Générale.
Pound Rally Against Euro Hits the Buffers
- Category: EUR
GBP/EUR surged to 1.2103 on Monday amidst a frantic sell-off in the euro, but it has since fallen back to 1.20, having recorded a sizeable 0.65% daily drop on Tuesday.
The Pound to Euro exchange rate (GBP/EUR) hit a peak of 1.21 on Monday, which is the highest level recorded since April 2022.
Pound Sterling rose to its highest level against the Euro in two years following Donald Trump's win. Further gains are possible near-term.