Strengthening Sterling Adds Pressure July 17, 2015 12:00 am The Euroweakened to below 70p on the 16th July (or the Pound went above £1 = €1.43 in the other way of showing it). The shift through this psychological barrier means that Sterling is the strongest it has been against the Single Currency since November 2007. The ongoing Greek crisis, firm economic growth in the UK, and the likelihood of the Bank of England raising interest rates by the end of the year have all help boost the Pound. As we have written many times, a strong Sterling is bad news for UK agriculture. The effect of currency movements will add to the problems caused by weak commodity markets in many sectors.
