The pound rose against the euro on Friday reversing early losses, and was set for weekly gains against the common currency as traders weighed how the re-opening of Britain's economy would affect its recovery. After a strong first quarter, helped by a speedy roll-out of COVID-19 vaccinations across Britain and by dwindling expectations of negative interest rates, sterling had a weaker start to April, hurt by profit-taking. In early London trading, the pound fell versus the euro to 87.18 pence, its lowest level since Feb. 26, but it recovered some ground and was up 0.2% at 86.65 pence at 1600 GMT.
Brought to you by Yahoo! Finance