Euro’s strength must be maintained

The Bank of England and European Central Bank will deliver their latest monetary policy decisions on Thursday.

No change is expected from either, but it should still mean that sterling and the euro come, at least briefly, into sharper focus.

It’s the single currency that has been doing better of late, boosted by the ECB’s implicit bond backstop and subsequent easing of eurozone tensions.

In July, it cost less than 78p to buy one euro. Now it’s more than 81p. (more…)

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