THE POUND hit a 'one-week high' yesterday, as prospects of a coronavirus vaccine make investors more 'upbeat'. However, with very few announcements this week, all eyes will remain on the COVID-19 crisis in the UK and across the globe.
The pound to euro exchange rate has managed to stay above the 1.12 handle so far this week which, pushing it to a one-week high. Hopes for a coronavirus vaccine in various locations across the world has given investors more confidence. The pound is now currently trading at a rate of 1.1244 against the euro according to Bloomberg at the time of writing.Yesterday, the pound was trading below the 1.12 handle at a rate of 1.1191 percent against the euro.
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