Sterling set for second week of gains versus dollar | Malay Mail

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LONDON, May 14 — Sterling was on track for a second week of gains against the dollar today, consolidating above US$1.40 (RM5.78) as the US currency took a breather from a recent rally. The pound is up 1.8 per cent against the dollar since the start of May, aided by a more hawkish Bank of England...

A bank employee counts pound notes at Kasikornbank in Bangkok, Thailand, October 12, 2010. — Reuters picLONDON, May 14 — Sterling was on track for a second week of gains against the dollar today, consolidating above US$1.40 as the US currency took a breather from a recent rally.

Britain will adapt its vaccine rollout to protect people more quickly in areas where a coronavirus variant first detected in India has emerged, the vaccine minister said on Friday. By 0814 GMT today, sterling was up 0.1 per cent against the dollar at US$1.4066, off a nearly three-month high of US$1.4167 hit earlier this week.“GBP is largely holding onto recent gains and progress on the Indian variant of the virus is yet to have any impact,” said ING in a note to clients. “Yet this needs to be watched.”

 

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