Pound up: Sterling rose as high as €1.1929 – a level not seen since February 2020
Due to the threats of Coronavirus lockdowns, which could affect the Continent, the pound climbed 21 months against the euro.
Sterling rose as high as €1.1929 – a level not seen since February 2020 and up 12 per cent from the pandemic low of €1.06 in March last year.
Austria, once again the centre of pandemics in Europe, entered its fourth lockdown. It declared it was mandatory that all children be immunized starting February 1.
A fourth wave of infections has also plunged Germany – Europe’s largest economy – into a national emergency and a full lockdown could follow. Analysts at ING said the UK appeared ‘slightly more resilient’ to the fresh wave of Covid cases at the moment – boosting the pound against the euro.