British pound benefits from successful corona vaccination campaign

British pound

The British currency has already gained four percent against the euro this year.


(Photo: dpa)

Frankfurt In December, the outlook for the British pound was still bleak. According to most economists, the consequences of Brexit would weigh on the British currency. In fact, however, it has outperformed most other currencies since the beginning of the year.

Against the dollar, the pound rose above $ 1.40 on Friday for the first time since April 2018. Compared to the euro, the pound has gained almost four percent since the beginning of the year.

The foreign exchange expert at DZ Bank, Sonja Marten, attributes this to the “vaccination campaign of the British government, which continues to run very quickly”, which has exceeded all expectations. By mid-February, 15 million Brits had already been vaccinated against the corona virus. The proportion of the population is 23.8 percent – and thus significantly higher than in the EU (5.0 percent), but also than in the USA (16.7 percent).

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