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Growing risk appetite, weekend vaccine rollout push support sterling

Graphic: Trade-weighted sterling since Brexit vote tmsnrt.rs/2hwV9Hv LONDON, Jan 25 (Reuters) - Sterling strengthened on Monday as investors returned to risk assets on hopes for more stimulus in the United States, while Britain’s COVID-19 vaccine rollout push over the weekend also offered support to the pound. Optimism about a $1.9 trillion fiscal stimulus plan to help revive the U.S. economy sparked interest for riskier assets with sterling also benefiting. Britain’s COVID-19 vaccine rollout gathered pace on Saturday, with 5.9 million people now having had a first dose. “Investors may start to sense we are turning the corner,” said Neil Jones, head of FX sales at Mizuho Bank.

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