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Pound Sterling

Sterling climbs towards $1.40

Sterling climbs towards $1.40

LONDON: The pound edged towards $1.40 on Thursday, making slim gains as the dollar weakened and investors remained...
Published 12 Mar, 2021 05:10am
Sterling reaches two-week high vs euro on BoE governor's cautious optimism
Markets

Sterling reaches two-week high vs euro on BoE governor's cautious optimism

  • More than 22 million people have had the first dose of a COVID-19 vaccine in the UK. Traders expect the swift inoculation programme will help the economy rebound from its biggest contraction in 300 years.
  • In early London trading, the pound rose to a two-week high against the euro at 85.57 pence. It was flat at 85.76 pence at 1227 GMT.
Updated 09 Mar, 2021 09:33pm
Sterling eases off recent highs as vaccine optimism fades
Markets

Sterling eases off recent highs as vaccine optimism fades

  • In this environment, everything is pointing towards refuge in the dollar, even if the moves are marginal in today's trading session.
  • The pound is not sheltered from this strong USD environment, despite the UK's aggressive rate of vaccine distribution, although it remains relatively robust against other G10 peers.
Published 28 Jan, 2021 08:58pm