The pound rose above $ 1.4 for the first time in almost three years
Indeed, a rapid vaccination program against COVID-19 has raised hopes for a rapid economic recovery.
The British pound strengthened above the dollar for the first time in almost three years on Friday. In the afternoon, compared to the previous day, the British currency rose by 0.4 percent to 1.4024 USD / GBP, which was the highest since April 20, 2018.
Indeed, a rapid vaccination program against COVID-19 has raised hopes that a sharp economic recovery could occur once the pandemic comes under control. The news.sky.com portal informs about it.
Since the beginning of the year, the pound has strengthened by 2.7 percent against the dollar and has improved by 3 percent against the common European currency. “We now see a more positive outlook for the UK economy,” said Niels Christensen, an analyst at Nordea Markets.