{"id":107521,"date":"2020-12-31T07:27:35","date_gmt":"2020-12-31T07:27:35","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=107521"},"modified":"2020-12-31T07:27:35","modified_gmt":"2020-12-31T07:27:35","slug":"105144-gbp-eur-pound-lifted-by-uk-approval-of-astrazenecas-vaccine-brexit-trade-deal-vote","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/105144-gbp-eur-pound-lifted-by-uk-approval-of-astrazenecas-vaccine-brexit-trade-deal-vote\/","title":{"rendered":"GBP\/EUR: Pound Lifted by UK Approval of AstraZeneca\u2019s Vaccine, Brexit Trade Deal Vote"},"content":{"rendered":"

GBP\/EUR<\/a> is somewhat bullish during the last trading day of 2020, though the pair is departing from session highs. At the time of writing, one British pound<\/a> buys 1.1084 euro<\/a>, up 0.02% as of 6:50 AM UTC. The price is moving sideways on larger timeframes. The pair has lost over 6% so far this year, as the pound has been under pressure amid the pandemic and the Brexit transition period. The UK saw the highest death toll in Europe.<\/p>\n

On Thursday, the sterling has strengthened after the UK became the first country to approve the COVID vaccine developed by British AstraZeneca and Oxford University. The government led by Prime Minister Boris Johnson has already ordered 100 million doses. Previously, the UK green-lighted the vaccine produced by Pfizer, though this one is more expensive and more difficult to store and distribute.<\/p>\n

Health secretary Matt Hancock said the UK would start the roll-out of AstraZeneca\u2019s vaccine on January 4. He told<\/a> BBC:<\/p>\n

\u201cWe\u2019ve got enough of this vaccine on order to vaccinate the whole population. [\u2026] By the spring, enough people will be protected to allow us to exit the pandemic.\u201d<\/em><\/p>\n

AstraZeneca said that it expects its vaccine to work against the new COVID strain as well. The new variant might be behind the worsening of the pandemic. Johnson said yesterday that the government has no choice than to impose tougher restrictions on parts of England. He urged people to stay at home on New Year’s Eve.<\/p>\n

The sterling also reacted positively to the UK parliament\u2019s approval of Johnson\u2019s Brexit trade deal with the EU. Both sides said they looked to start a new chapter of relations. The PM told<\/a> parliament:<\/p>\n

\u201cBrexit is not an end but a beginning. The responsibility now rests with all of us to make the best use of the powers that we regain, the tools that we’ve taken back into our hands.\u201d<\/em><\/p>\n

On the other side, the EU shook hands with China for a massive investment deal that will give the bloc access to Asia\u2019s largest market. The deal reflects the EU\u2019s interest in China\u2019s economic opportunities despite the country\u2019s negative record on human rights. The deal may enter into force in early 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"

GBP\/EUR is somewhat bullish during the last trading day of 2020, though the pair is departing from session highs. At the time of writing, one British pound buys 1.1084 euro, up 0.02% as of 6:50 AM UTC. The price is moving sideways on larger timeframes. The pair has lost over 6% so far this year, […]<\/p>\n","protected":false},"author":163946609,"featured_media":5649,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[2841,3378,1595,1393,1394,2410],"class_list":{"0":"post-107521","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eur","8":"category-gbp","9":"tag-astrazeneca","10":"tag-brexit-trade-deal","11":"tag-eu","12":"tag-euro","13":"tag-gbp","14":"tag-gbp-eur"},"acf":[],"yoast_head":"\nGBP\/EUR: Pound Lifted by UK Approval of AstraZeneca\u2019s Vaccine, Brexit Trade Deal Vote - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/105144-gbp-eur-pound-lifted-by-uk-approval-of-astrazenecas-vaccine-brexit-trade-deal-vote\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Anatol Antonovici\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105144-gbp-eur-pound-lifted-by-uk-approval-of-astrazenecas-vaccine-brexit-trade-deal-vote\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105144-gbp-eur-pound-lifted-by-uk-approval-of-astrazenecas-vaccine-brexit-trade-deal-vote\\\/\"},\"author\":{\"name\":\"Anatol Antonovici\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/c9c031720b5822c1d9bb63b59c6535ce\"},\"headline\":\"GBP\\\/EUR: Pound Lifted by UK Approval of AstraZeneca\u2019s Vaccine, Brexit Trade Deal Vote\",\"datePublished\":\"2020-12-31T07:27:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105144-gbp-eur-pound-lifted-by-uk-approval-of-astrazenecas-vaccine-brexit-trade-deal-vote\\\/\"},\"wordCount\":382,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105144-gbp-eur-pound-lifted-by-uk-approval-of-astrazenecas-vaccine-brexit-trade-deal-vote\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100664-gbp-eur-pound-steady-uk-jobs-data.jpg\",\"keywords\":[\"astrazeneca\",\"Brexit trade deal\",\"EU\",\"euro\",\"gbp\",\"gbp\\\/eur\"],\"articleSection\":[\"EUR\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105144-gbp-eur-pound-lifted-by-uk-approval-of-astrazenecas-vaccine-brexit-trade-deal-vote\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105144-gbp-eur-pound-lifted-by-uk-approval-of-astrazenecas-vaccine-brexit-trade-deal-vote\\\/\",\"name\":\"GBP\\\/EUR: Pound Lifted by UK Approval of AstraZeneca\u2019s Vaccine, Brexit Trade Deal Vote - 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