Pound Retreats Amid Worries Over Disruption In Vaccine Rollout

Pound Retreats Amid Worries Over Disruption In Vaccine Rollout

08 Apr 2021 02:46 PM
 

Pound retreated around 40 pips to below 1.3750 after rising in the early session amid a struggling Dollar. Dollar’s safe-haven appeal was undermined by the upbeat risk sentiment and falling US Treasury yields.

UK Construction PMI figures were released earlier in the day and rose to 61.7 in March compared to 53.3 previously. The stats however, failed to influence the pair amid worries over disruption to the UK's vaccine rollout.

UK's medical regulator issued a temporary ban on the AstraZeneca vaccine for the below 30 age group due to concern related to blood clotting. This led to speculations about a delay in the easing of lockdowns and weighed on the pair.