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GBP/USD – no barriers remained until 1.40

Post Views: 517 The pound is winning the hearts and minds of fund managers and forecasters as the U.K. steps up its coronavirus vaccinations to improve the chances of an economic rebound. Analysts now see the currency ending the year up 2% at $1.40, having lifted their predictions from $1.36 just a few weeks ago, according a Bloomberg survey. Jupiter Asset Management and Arbuthnot Latham are among the investors betting on further gains after sterling’s best monthly streak since 2012. The confidence comes as the country’s vaccine rollout is outpacing the U.S. and Europe, with about nine million people inoculated so far. It’s led markets to push back bets for a Bank of England interest-rate cut to next year, even…

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