Wads of British Pound Sterling banknotes are stacked in piles at the GSA Austria company's headquarters in Vienna July 22, 2013. — Reuters picLONDON, March 17 — Sterling held firm against both the euro and the dollar as Britain’s dismissal of safety concerns over the AstraZeneca vaccine gave the currency some berth to recovery from the previous day’s falls.
By 0900 GMT today, sterling was flat against the dollar at US$1.3898 and 0.1 per cent higher to the euro at 85.60 pence, not far off a year’s high of 85.40 pence per euro. Hopes that Britain’s rapid vaccine rollout will lead to a faster reopening of its economy and a rebound from its worst annual contraction in output in 300 years have benefited sterling this year, with the pound until recently the best performing G10 currency.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.