UK pound surges as economy set to hit pre-pandemic levels by end of 2022

  • Date: 10-May-2021
  • Source: The National
  • Sector:Economy
  • Country:Middle East
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UK pound surges as economy set to hit pre-pandemic levels by end of 2022

The British pound climbed as high as $1.411 on Monday, its strongest level since February, as the UK economy is on track to return to pre-pandemic levels by the end of 2022.

Sterling's rise came amid a sharp drop in Covid-19 deaths and cases in the UK, however the country’s poor coronavirus performance will leave it with permanent scarring compared to other major economies, the National Institute of Economic and Social Research said.