LONDON MARKET MIDDAY: FTSE 100 Stifled As Pound Finally Hits USD1.40
Fri, 19th Feb 2021 12:19
(Alliance News) - Stock prices in London were mixed at midday on Friday as the pound breached the USD1.40 mark, hindering the FTSE 100 index after days of flirting with surpassing that round-number barrier.
Sterling is up 2.4% versus the greenback so far this year as investors grow increasingly confident the UK is on the road to economic recovery as the country progresses with its mass-vaccination rollout.
UK Prime Minister Boris Johnson will announce his road map for easing lockdown restrictions in England on Monday next week. The UK government is on track to hit its target of giving 16 million people their first dose by mid-February.
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