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British pound above $1.39 for first time in nearly 3 years

Published 15/02/2021, 09:03
Updated 15/02/2021, 09:05
© Reuters. UK pound coins plunge into water in this illustration picture

LONDON (Reuters) - The British pound climbed above $1.39 for the first time in nearly three years on Monday, lifted by broad-based dollar weakness as well as Britain's success in rolling out the COVID-19 vaccine.

The currency has been a key gainer against a struggling greenback this month as the aggressive rollout of the vaccination programme in the United Kingdom raises hopes its economy will be able to recover quickly, compared to its European peers.

In early London trading, the pound rose 0.4% to $1.3915, its highest level since late April 2018, according to Refinitiv data. Versus the euro, it gained 0.2% to 87.24 pence, its highest levels since May 2020.

Latest comments

all due to the FED buying the planet. At some point it will continue on the never ending lower trajectory. - 9.9GDP and lower trade in 2020 is only the start, all going lower for 2021.
Gbp will collapse
Haha Euro is toy money.
can someone remember the forecasts from 2016
between -7.8 and - 16.8% GDP just for Brexit.
Nearly 3 year or may 2020 then
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