© Reuters. FILE PHOTO: British five pound banknotes are seen in this picture illustration taken November 14, 2017. REUTERS/ Benoit Tessier/Illustration/File Photo

By Lawrence White

LONDON (Reuters) – Sterling fell slightly against the dollar on Monday, as the government failed to reassure the public it will stick to its plan to fully lift COVID-19 lockdown restrictions in England on June 21.

Sterling has been among the top-performing G10 currencies this year as Britain’s rapid deployment of vaccines led to expectations of a fast reopening of the economy.

Those hopes have faded somewhat in recent weeks however, as rising cases of the delta variant of COVID-19 first detected in India have led to calls from some scientists to push back the reopening date.

Health minister Matt Hancock said on Sunday it was “too soon” to say whether the June 21 plan could go ahead.

By 0750 GMT the pound was down 0.2% against the dollar at $1.4136, and down a similar amount against the euro at 86.06 pence..

The pound recovered from a bad recent run against the surging dollar at the end of last week, thanks to softer than expected U.S. jobs data on Friday which knocked the greenback from its perch.

Speculators decreased their net short dollar positions last week, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Friday.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link