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Pound at 18-month high against euro as German investor confidence falls

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Sterling hit €1.1833 against the single currency, its highest level since February 2020

The pound rose to an 18-month high against the euro on Tuesday as fears over rising Covid-19 infections triggered a sharp fall in German investor confidence.

Sterling hit €1.1833 against the single currency, its highest level since February 2020, after investor morale in Europe’s largest economy fell to its lowest level in nine months.

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