Sterling hits 17-month high against euro
Sterling reached a 17-month high against the euro as French street riots and rising energy prices weighed on the single currency. Meanwhile, strong UK economic data and fiscal confidence supported the British currency.
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Sterling hit a 17-month high against the euro on Monday morning, climbing to 84.11 pence per euro. The currency rise came as street riots in France and four-year highs in Natural Gas weighed on the single currency. Strong recent economic data and fading concerns over fiscal trajectory propped up the British currency in United Kingdom markets.
