London-based broker ActivTrades attributes sterling’s current steady winning of ground from the U.S. dollar and euro to generally successful anti-COVID vaccinations in Britain, which have enabled the government to set a roadmap to lifting COVID-related restrictions by June.
The scrapping of restrictions is expected to bring about a “big economic rebound”, an outlook that “is driving large flows of capital back into UK assets”, ActivTrades senior analyst Ricardo Evangelista says.
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