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UPDATE 1-Sterling steadies as vaccine jitters ebb

Graphic: Trade-weighted sterling since Brexit vote tmsnrt.rs/2hwV9Hv (Updates prices) LONDON, March 17 (Reuters) - Sterling steadied against both the euro and the dollar on Wednesday after Britain’s dismissal of safety concerns over the AstraZeneca vaccine saw the currency recover some ground from a tumble the previous day. Several European Union countries have suspended their rollout of the shot, developed by the University of Oxford and AstraZeneca, but Britain’s regulator has said that there is no evidence of a causal link between reports of thrombo-embolic events and the vaccine. The safety concerns prompted a selloff in the pound on Tuesday as Britain continued to administer the vaccine.

Pound Sterling Price News and Forecast: GBP/USD surges above expectations

3/17/2021 12:36:02 PM GMT | By FXStreet Team GBP/USD Forecast: Sterling volatility set to explode in response to Fed fireworks It is Saint Patrick s Day – but with closed pubs in both Ireland and the UK, traders have fewer distractions, allowing for a full focus on the Federal Reserve. For cable, it also means decision time after trading in a narrowing range so far in March. The world s most powerful central bank is set to leave its policy unchanged but releases all-important growth, employment, inflation, and interest rate forecasts. Since the last such publication in December, America s vaccination campaign has picked up speed, with the US set to reach 50% of its population by mid-May. In addition, President Joe Biden signed his $1.9 trillion coronavirus relief bill into law and stimulus checks have already been deposited. Read more.

Brexit news: London tops financial services centre in EU despite Remainer fears | Politics | News

| UPDATED: 18:25, Wed, Mar 17, 2021 Link copied Sign up for our columnists plus the most commented stories driving conversation SUBSCRIBE Invalid email When you subscribe we will use the information you provide to send you these newsletters. Sometimes they ll include recommendations for other related newsletters or services we offer. Our Privacy Notice explains more about how we use your data, and your rights. You can unsubscribe at any time. Although Remainers have expressed the fear London could lose its financial dominance, only New York remains ahead of the capital according to recent figures. Even without provisions on financial markets within the Trade and Cooperation Agreement, Frankfurt and Zurich still remain well below London in the Z/Yen’s Global Financial Centres Index. Despite Amsterdam boosting its share trading in relation post-Brexit it is still ranked as 29th in the index.

GBP/USD jumps to session tops and eases, holds above 1 3900 mark

GBP/USD jumps to session tops and eases, holds above 1 3900 mark
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