Pound Reaches 3-Year High on Vaccination Growth

01 June 2021

    The pound sterling has reached a three-year high as traders bet on faster UK economic recovery as vaccination rates increase.


    “The pound is favored because the progress of vaccination puts the U.K. closer to an economic normalization than other countries. Sterling could climb toward $1.45”, Toshiya Yamauchi - chief manager for foreign-exchange margin trading at Ueda Harlow Ltd. in Tokyo commented.


    The British pound has already gained as much as 0.3%, rising to $1.4248 and breaching a February peak to reach its highest level since April 2018. According to data collected by Bloomberg News and Johns Hopkins University, a whole three-fourths of the UK population will be covered with a two-dose vaccine in one month if the current vaccination pace continues.


    British authorities plan to fully reopen the economy on June 21. 

    *The products advertised are only available to clients under Fondex Limited (SDL No: SD037). Trading CFDs involves significant risk of loss.


Cookies on Fondex

The Fondex website uses cookies to optimise user experience.

These cookies fall under the following categories: essential, functional and marketing cookies. Marketing cookies may also include third-party cookies.

Manage Preferences

You can customize your selection of which cookies you want to accept.

  • Essential

    These cookies are necessary for the website to function correctly and cannot be switched off.

  • Functional

    Functional cookies allow the website to remember users' preferences and the choices you make on the website such as username, region, and language.

  • Marketing

    These cookies are used to track visitors across our websites and show you more relevant ads. Marketing cookies also include third-party cookies from partners. For more information relating to data protection & collection please view our Privacy Policy and Cookie Disclosure.


The Company would like to inform you that it will terminate its operations under the "Fondex" brand by 30th of December 2022. If you wish to open a trading account, kindly visit topfx.com.sc