LONDON, April 7 — Sterling rose versus the euro today to an almost two-week high against the single currency with upcoming French elections adding to jitters that have put the euro under pressure since the beginning of the war in Ukraine.
“The single currency is more exposed to concerns about energy security than the pound but in addition some nervousness is apparent in the market ahead of the first round of the French election this weekend,” she added. Foley said there were “few signs of the pound making any significant headway against the USD, with the latter having been boosted this week by yet another step up in hawkishness from the Fed”.
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