US Markets

Sterling rallies to six-month high vs euro

Credit: REUTERS/LEONHARD FOEGER

Sterling rallied to a six-month high against the euro and firmed against the dollar in late trade on Thursday.

LONDON, Nov 14 (Reuters) - Sterling rallied to a six-month high against the euro and firmed against the dollar in late trade on Thursday.

Analysts were puzzled by the move higher - saying they could see no obvious cause for the late surge.

The British currency has strengthened this week as opinion polls consistently show a substantial lead for Prime Minister Boris Johnson's Conservative party ahead of an election next month.

Sterling rallied to a new six-month high versus the euro at 85.45 pence EURGBP=D3 and was last up around a fifth of a percent on the day. The pound was also 0.25% firmer against the dollar at $1.2880 GBP=D3

(Reporting by Dhara Ranasinghe Editing by Elizabeth Howcroft and Peter Graff)

((Dhara.Ranasinghe@thomsonreuters.com; +442075422684;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Latest US Markets Videos

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More