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Sterling on the way back!

Sterling on the way back!

The exchange rate between the Pound and the Euro has started a post-Brexit vote recovery.
This morning the rate is close to 1.19, having recovered from 1.15 in the middle of August.
This is due to better than expected economic news and prospects coming out of the UK.
There is a technical set up, too, that suggests further upward movement over the next few weeks, pushing us beyond 1.20 and possible back to 1.25.