The pound continued to gain new buying interest from investors during the mid-week trading session, with analysts citing the launch of the vaccine in the UK as the main driver of demand.
The pound sterling once again broke its recent high since May 2018 at the start of today's European session with trading strengthened at 1.37500 against the US dollar.
The implementation of the vaccination program has been widely done since the Medical and Health Products Regulatory Agency (MHRA) approved the use of the Pfizer-BioNTech vaccine in December 2020.
To date, nearly 7 million UK people have reportedly received the Covid-19 vaccine, according to data updated by Sky News.
Ministers say most 85-year-olds have received the vaccine and the government's goal of vaccinating the group is expected to be met by mid-February.
However, the UK is also facing the pressure of rising casualties due to the outbreak of coronavirus and the threat of new contagious variants.
The death toll in the UK has finally surpassed 100,000 after there was an increase of 1,631 deaths on Tuesday.
