Euro and sterling helped by improved market sentiment

Published by
Reuters UK

By Alun John HONG KONG (Reuters) – Overnight surges left the euro and pound sitting pretty in early Asia helped by good U.K. jobs data and a general improvement in investor sentiment on solid U.S. retail sales and hopes of easing lockdowns in China. The European common currency touched $1.0563 in early Asia trade, after rising 1.1% overnight, its largest day of percentage gains since March. Sterling touched $1.2501 after a 1.4% overnight rally, its best day since late 2020, also helped by data that showed Britain’s jobless rate hit a 48-year low. These gains pushed the dollar index, which meas…

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