Posted on

FTSE 100 and pound boosted by hopes of vaccine-driven recovery

Share

The pound has struck its highest level against the dollar in almost three years on growing hopes the UK’s vaccine programme will help drive a strong economic recovery from coronavirus damage in the months ahead.Sterling climbed above $1.39 for the first time since early 2018 in Monday’s trading, gaining more than half a cent, hours after confirmation that the government had met its initial COVID-19 vaccine target of 15 million people.
Stock markets also climbed with the FTSE 100 closing the day 2.5% – 166 points – up at 6,756 – its highest level for almost a month. In value terms, £44bn was added to its …

Read More