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Pound hits two-year high for an upbeat start to 2021; Approval for AstraZeneca vaccine and relief over the Brexit trade deal buoy optimism in Britain

Jan 01, 2021 - The Daily Telegraph (London)

SURGING optimism that Britain can beat Covid within months and finally move on from Brexit propelled the pound to a two-and-a-half-year high against the dollar on the final day of 2020.

Sterling climbed to as much as $1.3686 yesterday before falling back to $1.3654, a 0.21pc gain from Wednes day's close.

It puts the pound in line for an upbeat start to 2021 after Parliament approved a trade deal with the European Union and regulators gave backing to Astra- Zeneca's game-changing coro...