Pound Climbs to Three-Year High as Vaccines Spur Growth Hopes
(Bloomberg) -- The pound advanced to the strongest level in three years as traders bet the U.K.’s economic recovery will gain traction with the rollout of coronavirus vaccines.Sterling climbed above a previous high set in February, extending its gains this year to 4.2%. Three quarters of the U.K. population will be covered with a two-dose vaccine within a month based on the current pace of inoculations, according to data collected by Bloomberg and Johns Hopkins University.“The pound is favored because the progress of vaccination puts the U.K. closer to economic normalization than...
Source: yahoo.com