A new week has begun however the pound has picked up where it left off at the end of last week by continuing its rapid demise against the euro.

A combination of factors has resulted in the euro now trading at it’s highest level in 22 months against the pound.

Fear and uncertainty over a possible ‘Brexit’ continues to weigh on Sterling, whilst the euro has recently gained strength due to the increased flow of money into the Eurozone as part of the stimulus package introduced by the European Central Bank.

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* Information courtesy of Currencies Direct
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