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In Currencies, Europe’s Vaccine Trade Is Now Reversing

  • Euro recorded biggest jump against sterling of 2021 on Tuesday
  • Hedge funds are closing bullish positions on U.K. currency
Covid-19 Vaccination Program In Some Of The U.K.’s Most Diverse And Deprived Communities
Photographer: Hollie Adams/Bloomberg
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Currency traders have reaped gains this year betting on the U.K.’s vaccine success and against Europe’s stumbles. Now that trade in going in reverse.