London-based foreign exchange broker ActivTrades has reported the British pound to have done better than the dollar or the euro in early January 27 trading, attributing this to perceived investor optimism brought about by Britain’s successful start of Covid-19 vaccination.
Markets see the successful roll-out of the AstraZeneca vaccine in Britain, where coronavirus has killed 100,000 people, as signs that the country’s economic recovery is not too far off and that the Bank of England is less likely to introduce negative interest rates, both of which is good news for sterling, according to Ricardo Evangelista, senior analyst at ActivTrades.
About 11 per cent of Britain’s population have already received at least the first dose of vaccine.
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