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What’s next for Sterling exchange rates?
It has been yet another eventful month- with Sterling managing to creep back up against most major currencies- ending the month at 1.42 against the U.S Dollar and above 1.16 against the Euro. The slightly higher monthly close is owed to low liquidity on the markets on Bank Holiday Monday but generally Sterling has been a lot more bullish this month, with the Euro gaining significantly overall. As we enter June- the most important factor which will decide the direction for Sterling exchange rates will be if the UK proceeds with the next step of coming out of lockdown on June 21st. Currently, there are concerns with ... (full story)