LONDON (Agefi-Dow Jones) --The pound sterling is at its highest levels in several months against the euro and the dollar, driven by the scenario of a faster reopening of the economy thanks to the relatively high rate of vaccinations. “Hope contrasts with the current reality,” notes Jeremy Stretch, a currency analyst at CIBC, referring to Tuesday's announcement that more than 6.8 million people in the United Kingdom have received the first shot of the vaccine even as the number of deaths from Covid-19 has exceeded 100,000. The rise in the pound reflects the idea that the United Kingdom could be in a “better position at the start of the second quarter”, explains Jeremy Stretch. “We know that the first quarter will be difficult,” he adds. The euro pound pair fell by 0.3% to reach its lowest level in eight months,

The pound-dollar pair is stable at 1.3743, after reaching 1.3760, its highest level since April 2018.

-Jessica Fleetham, Dow Jones Newswires (French version Aurélie Henri) from: LBO