Sterling was largely unmoved by news that the UK would be the first developed economy to approve a COVID-19 vaccine on Wednesday. In our view, this is because the key driver of the country’s exchange rate right now is uncertainty around the ongoing Brexit negotiations. And we think the risks to sterling from Brexit are skewed to the downside.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services