After a poor Christmas period for Sterling, the Pound bounced back dramatically yesterday afternoon particularly against the US Dollar. The Pound has continued to climb against the US Dollar hitting a high earlier this morning of 1.6152, a marked improvement from yesterday’s low of 1.5833. The Pound is currently sitting just below 1.12 against the Euro at 1.1190 and 1.6120 against the US Dollar, whilst EURUSD currently trades at 1.4403.
Let’s see what the New Year brings for Sterling!
Best wishes for the New Year from all the staff at Currency Matters.