LONDON (Reuters) - Demand for riskier assets on Tuesday kept sterling close to the two-month high it reached the day before, with investors also hoping that this week’s Brexit negotiations will result in a deal.
News on Monday that AstraZeneca’s vaccine for the coronavirus could be around 90% effective boosted sentiment. British Prime Minister Boris Johnson said on Monday that he hoped almost all Britons at high risk from COVID would be vaccinated against the disease by Easter.
England will introduce a new system on Dec 15 allowing passengers arriving from high-risk countries to take a COVID-19 test after five days of quarantine and to be released from any further self-isolation if they test negative.
In addition, the one-month full lockdown in England is due to end on Dec 2, and transport secretary Grant Shapps is set to scrap blanket travel quarantine restrictions by Christmas so people can travel to high-risk countries to visit relatives.
The British pound was last up 0.4% at $1.3373, close to $1.3396, its highest since Sep 2, reached on Monday. If it were to rise above $1.3481, the surge would propel it to nearly a one-year high.
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