Currency rally: Analysts are seeing a pent-up demand for the sterling. — AFP
STERLING looks set to extend its rally beyond US$1.40, thanks to the pace of Britain’s Covid-19 vaccine rollout and signs that investors are flocking back to assets out of favour during years of Brexit turmoil.
The signing of a post-Brexit accord on Christmas Eve, while leaving Britain more distanced from the European Union (EU) than investors had hoped, ended years of uncertainty.
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