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He said: “Sterling finally broke above the €1.1280 resistance level yesterday, at what felt like the millionth time of asking, to print its highest levels against the common currency since last May. “The move comes as investors grow increasingly optimistic about the UK’s vaccine rollout, and thus more optimistic about the UK economy’s prospects. “Now that 1.1280 has given way, a move above 1.13 could follow in relatively short order, particularly if the current optimism is maintained. “Today’s ECB decision is unlikely to have too significant an impact on the pair.” George Vessey, UK Currency Strategist, Western Union Business Solutions said: The British Pound enjoyed a fresh wave of demand yesterday, largely as a result of renewed global risk appetite, which has benefited the risk-correlated pound more so over the past twelve months. ....
The new rules have seen many airlines such as Jet2 cancel all their flights and holidays. James Lynn, co-CEO and co-founder of travel debit card Currensea has offered his advice for Britons looking to book a holiday and beat the summer rush. He said: “Now is actually a great time to book your summer holiday because flights and hotels are excellent value thanks to the January sales and uncertainty around the COVID travel restrictions.” READ MORE However, he added that Britons need to follow “important steps” in order to protect themselves. He continued: “Check the refund policy on flights or accommodation before you book to ensure that the company will refund you fully, in cash, rather than with a voucher. ....