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Forex traders might be keen to note the single currency managed its highest rate since January earlier this morning when it increased to 85.93 pence against the pound, Reuters reports.
And if it continues to rise before the close of trade this afternoon then it would achieve its best weekly performance since October.
What's more, the single currency was boosted by "hawkish rhetoric" on the eurozone interest rates after Axel Weber, a European Central Bank policymaker, stated on Thursday that the levels should rise.
This comes after three of the Bank of England's Monetary Policy Committee voted for a rate rise this month, compared to just two in January.
Spencer Dale joined Andrew Sentance and Martin Weale in stating he was keen for the level to increase from its current record low of 0.5 per cent.
Posted by Clive Arneil
