OFFICIAL: Sterling hits highest vs. dollar since April 2018

Sterling hit its highest level against the dollar since April 2018 and traded just below eight-month highs against the euro on Tuesday, with analysts citing Britain’s lead in COVID-19 vaccinations as a positive for the currency. The pound hit $1.3788 against the dollar in early London deals, its highest level against the greenback since Apr. 30, 2018. Against the euro, it traded down 0.15% at 87.80 pence by 0902 GMT.