Pound rallies to near three-year high as vaccine rollout feeds optimism

19 Mar 2021

The British pound sterling (GBP) has been the strongest performer against the US dollar (USD) of the major currencies so far in 2021, rising by as much as 3.1 per cent in February to a near three-year high.

February marked the fifth straight month of gains for the pound vs dollar exchange rate. The GBP strengthened as the UK continued its successful Covid-19 vaccine rollout and outlined plans to return to full economic activity by the end of June as the infection rate has dropped sharply.