Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

Sterling Settles at $1.41 as New Variant Delays Reopening


Thu 03 Jun 2021 | 02:18 AM
Taarek Refaat

After the pound sterling touched a three-year high of $1.4250 against the dollar this week, the British pound fell to $1.4113 in earlier trading to reversed course, only to rise again 0.2% at $1.4166.

Sterling rose against the dollar and settled near $1.41 on Wednesday as investors weighed the possibility that the indian COVID variant could delay the final stage of Britain's June 21 reopening.

The pound was also seen 0.2% higher at 86.14 pence against the euro.