May 20, 2024
Image default

Sterling rises against the euro after Western sanctions on Russia

Published by
Reuters UK

By Samuel Indyk LONDON (Reuters) – Sterling rose against the euro but was little changed against the dollar on Monday after Western nations imposed tough new sanctions on Russia for its invasion of Ukraine. Western allies acted over the weekend to block certain Russian banks’ access to the SWIFT international payments system and announced plans to implement restrictions on the Russian central bank’s international reserves. Against the euro, sterling was up 0.5% at 83.64 pence at 1515 GMT as the single currency weakened following the sanctions. Sterling recovered against the dollar to trade bro…

Read More

Related posts

Biden announces new $700 million in military aid for Ukraine


Europe struggles to meet mounting needs of Ukraine’s fleeing millions


Biden lands in Europe in middle of dispute over Russian energy sanctions


Trudeau promises Biden ‘quick action’ against protesters blocking U.S.-Canada bridge


Queen Elizabeth II, Longest Reigning Monarch Of Britain, Dies Aged 96


Moldova’s pro-Russian former president Dodon detained, says he is innocent


Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.