As Wednesday trading gets underway, the Pound continues to gain ground in relation to its peers. After Monday’s announcement of Pfizer’s vaccine success, sterling received a big boost because the UK had pre-ordered 40 million doses of the vaccine and is likely to start deploying it earlier than most other countries. The country being in pole position to receive the vaccine is likely to give the UK economy a much-needed reprieve, leaving the end of the economically damaging virus containment measures within sight.
