Where’s the top in euro/sterling?
MARKET NEWS
Euro-convergence, euro strength and UK policy confusion all conspired to bring sterling to a 30-month low against the euro last week, say David Bloom and Mark Austin of HSBC’s currency strategy division
Euro/sterling has risen from 0.6100 to a high of 0.6490 since the start of April, and has also breached the high seen in August last year. This rise has been driven by three factors:
1.
Euro-convergence. Political signals seem to indicate that an accelerated EMU timetable -- economic tests lateOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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