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The pound enjoyed another good day yesterday rising back over 1.17 on GBPEUR and 1.38 on GBPUSD
By Jonathan Watson
The performance of the pound has been tracking inline with the progress made on the UK's vaccination program.
The story for sterling in 2021 is one of confidence and optimism, as the UK vaccine rollout continues to deliver a positive outlook and mood for the pound.
It’s been a slow start to the week for GBP rates just reaching the 1.15 mark during yesterday’s trading.
The UK's vaccination drive has been disrupted as April is forecast to see less vaccines available, causing GBP value to sharply decline against the euro.
22.5 million Britons have now been vaccinated against COVID-19, helping the pound continue the strong performance it has been displaying in 2021.
UK economy suffers record 9.9% slump as growth data hits the headlines as sterling value looks to hold.
Despite the UK being deep into the third lockdown the pound has been edging higher in the last week.
The pound has started the week lower as the UK is plunged into another lockdown as COVID cases surge.
The pound enjoyed an excellent start to the week with reports of the AstraZeneca vaccine delivering hopes of better times ahead.
Brexit talks remain in the balance with just 65 days until the end of the year deadline when a no-deal exit will be triggered.
The pound strengthened during trading yesterday as optimism built because of the three days of Brexit talks beginning today in Brussels.
The pound suffered in yesterday afternoon’s trading as the Bank of England laid out a framework for negative interest rates.
Yesterday, the UK economy posted its largest quarterly decline on record, officially pushing the UK into recession and casusing sterling volatility.
Brexit negotiations to impact GBP rates as the US and Eurozone release key GDP data later this week.