British Pound Sterling banknotes are seen at the Money Service Austria company’s headquarters in Vienna, Austria, November 16, 2017. — Reuters picLONDON, May 13 — Sterling steadied above US$1.40 against the dollar today after losing its perch near US$1.41 the previous day when stronger than expected US inflation data pushed the dollar higher.
Still, analysts remain upbeat about Britain’s prospects for an economic rebound. Prime Minister Boris Johnson on Monday set out further lockdown easing measures, helping sterling enjoy its best day since January. CFTC positioning data showed that speculators reduced their net long position on the pound in the week to May 4.
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