Foreign exchange: The pound sterling jumps against the major currencies : Orishas-finance

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Foreign exchange: The pound sterling jumps against the major currencies

11/05/2021

Source : ORISHAS FINANCE

Categories: Economy/Forex

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Foreign exchange: The pound sterling jumps against the major currencies

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Galvanized by the election results in Scotland and a marked improvement in the health situation in the United Kingdom, the pound sterling is soaring.

Against the major currencies, the pound Sterling (GBP) emerged stronger from the local elections in Scotland and remains boosted by a vigorous vaccination campaign in the United Kingdom. The currency of the United Kingdom gained 0.75% against the dollar to 1.4089 dollar, the highest since February 25, and 0.71% against the single European currency at 86.37 pence for one euro.
For analysts, the improving health situation is also favorable to the health of the economy and the British currency.

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