- In early trading yesterday sterling strengthened against the euro, after the Confederation of British Industry reported that the UK’s financial service companies were more optimistic now than at any point in the last two years.
- Elsewhere, a report released by property intelligence company, Hometrack, which showed the annual fall in house prices in England and Wales slowed for the third consecutive month in June, also helped the pound’s cause.
- Finally, strong London equities drove sterling’s gains yesterday. The FTSE 100 eventually finished up 53.02 (1.25%).
- In trading so far today the pound has risen sharply against the euro as improved sentiment towards the UK economy continues.
- There are no major announcements due in the eurozone today, whilst in the UK revised first-quarter GDP and current account figures are out at 09.30 BST.
Tuesday, 30 June 2009
Sterling finishes marginally up against euro
The pound strengthened by 0.08 cents (0.07%) against the euro yesterday to close the day at 1.1761.
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