Sterling hits $1.40 for first time in nearly 3 years on vaccine hopes

Sterling hit $1.40 against the dollar for the first time in nearly three years on Friday, as analysts continued to bet Britain's quick pace of vaccinations will lead to an economic rebound from the country's worst crash in output in 300 years.
 

At 0857 GMT, the pound was at $1.4005 against the dollar, up 0.2% on the day. That level was its highest since April 2018.

The pound is the best performing G10 currency this year, up 2.3% against the dollar as investors bet that Britain's quicker pace of vaccinations will lead to a recovery from the worst annual fall in