Pound up against dollar and euro amid hopes for strong UK recovery - short news
Analysts say SNP’s failure to achieve overall majority in Scottish elections also a factor in highest level against dollar since February
The fading prospect of an immediate Scottish independence referendum and hopes for a strong UK economic recovery sent the pound higher against the US dollar and the euro on the financial markets.
Sterling gained more than 1.5 cents to trade above $1.41 against the US currency for the first time since late February amid relief in the City..
source: The Guardian - 10.05.2021