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Euro and Sterling to rise in 2017 with strong gains
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Economy News _ Baghdad Both the Euro and the British Pound gained strong gains in 2017, driven by market optimism about the London-Brussels negotiations for exit from the EU, and the news that Britain agreed to pay a huge sum for smooth exit and retention On the free trade agreement between the two sides. According to information provided by Al Arabiya Net, the Euro started in 2017 at $ 1.046, but it started a quiet rise last year to reach $ 1.20 in 2017, which means it has risen 15% year-on-year. Performance of the Euro for years. The pound sterling started in 2017 at $ 1.22, but continued to rise throughout the year to settle steady at $ 1.35 and accordingly rose 11% over the past year. Both the British pound and the European euro were down sharply against the US dollar in 2016 following the UK vote to exit the EU in a June 2016 referendum, From Europe and Britain. In March, Britain began formal measures to exit the European Union, where it filed an application with the European Union requesting the activation of Article 50 of the Convention establishing the European Union, thus making London the first exit case in the history of the Union. Britain must have left the EU fully and fully two years before the end of March 2019. |
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