GBP/USD to stay steady as vaccination continues, but covid variants pose downside risk – CIBCNEWS | 6/4/2021 9:08:59 AM GMT | By FXStreet Insights Team Vaccine rollout and re-openings should leave sterling steady as the spread of the Delta COVID-19 variant poses a downside risk, Jeremy Stretch, Head of G10 FX Strategy at CIBC Capital Markets, reports. Expectations building towards the BoE concluding bond buying prior to the end of the year “The rapid UK vaccine rollout, with almost 50% of the adult population now fully vaccinated, will be central to our projection for strong consumer-led growth over the next 12 months. We agree with the view of the outgoing BoE Chief Economist that an atypical recession should result in an atypical recovery. That points towards an early reversal of ultra-easy monetary policy compared to that seen after the global financial crisis.”