France to ease Covid rules as England says curbs are ‘last resort’


Sterling at its highest versus euro since February 2020

“The sterling is a risk-on currency that will benefit from the huge financial and fiscal stimulus and a more benign pandemic outlook,” Enrique Diaz, chief risk officer at Ebury, said. Ebury’s short-term target for the pound is at pre-pandemic levels of around 83 pence per euro. “The Bank of England, which will probably be faster than the Fed to taper its monetary stimulus, will be among the key drivers” of a potential rise of sterling in 2022, Diaz argued.

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