Sterling reached its highest levels since April 2018 when it crossed $1.40 on Friday. It has risen 2.6% against the dollar in 2021 and its rapid gains have led to talk of a possible correction.
Some 17.6 million people, over a quarter of the 67 million population, have now received a first dose of a COVID-19 vaccine.
The loonie was trading 0.3% higher at 1.2699 to the greenback, or 78.75 US cents. The currency touched its strongest intraday level since Jan. 27 at 1.2694.
Sterling reached $1.3798 against the dollar in late afternoon deals in London, its highest level against the greenback since April 27, 2018. Against the euro, it traded flat at 87.69 pence.
As we have been arguing since last week's Bank of England meeting, the move lower in EUR/GBP seems to have taken a breather.
*The pound fell in early trade after risk sentiment ebbed overnight in US and Asian markets.
* sterling was up 0.3% against the dollar at $1.3720 and was also up 0.3% against the euro, at 88.60 pence.