5/10, 9:48 AM (Source: TeleTrader)
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Pound at highest against dollar since February

The British pound on Monday reached its highest point compared to the dollar since February 25. Upbeat coronavirus data reports from the United Kingdom prompted Health Minister Nadine Dorries to say the government could increase the pace of relaxing pandemic containment measures, set to start on May 17. Meanwhile, the latest release of the UK House Price Index showed a new record high for the second consecutive month.

The pound was up by 0.52% compared to the dollar and sold for 1.40616 at 9:47 am CET.

Breaking the News / DJ