RE: pound sterling to usd13 Feb 2021 21:59
GBP/USD has surged back above the 1.3850 mark in recent trade, a strong recovery from earlier lows under 1.3780. Driving the upside in recent trade has been a broad decline in the US dollar, which prior to the start of US trading hours, had been the best performing currency on the day, but now sits in the middle of the G10 performance table. Pound sterling has replaced USD as the best performer on the day, with GBP/USD up around 0.3% or around 40 pips. [...] Strong UK fundamentals The UK has now vaccinated over 14M people and continues to extend its lead in terms of percentage of its adult population vaccinated versus its developed market peers. [...] UK economic outperformance is likely to then follow and this has, is and will probably continue to support GBP, at least in the medium-term future.