Sterling steadies vs. dollar, set for first weekly loss in five

[ASFN Admin]

Sterling steadied against the dollar on Friday, making up some of its previous day's losses although the currency was set for its first week of losses in five due to a broadly strengthening dollar over the past week. The gains for the buck come as investors expect the Federal Reserve may respond to the economy heating up and move towards tightening policy sooner than expected. Sterling has been among the top-performing G10 currencies this year, at one point in the lead, as bets for a quick reopening of Britain's economy on the back of the country's vaccination programme.

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