Previous Close | 1.1104 |
Open | 1.1104 |
Bid | 1.1113 |
Day's Range | 1.1090 - 1.1135 |
52 Week Range | 1.0203 - 1.2596 |
Ask | 1.1114 |
Although the pound has quickly recovered from its record lows, trading back above $1.2000, it will need to hold above this level to gain investor confidence going into the new year.
Sterling came under pressure as the escalation of fighting in Ukraine and the prospect of a Russian energy embargo fuels worries that the war could push up inflation and dent global growth.