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Government Policy

Pound firms, lifted by soothing Omicron news, higher gilt yields

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Reuters UK

By Sujata Rao LONDON (Reuters) – Sterling rose to one-month highs against the dollar and euro on Thursday, benefiting from some reassuring reports on the Omicron COVID-19 variant and a move higher in Britain’s short-dated government bond yields. A three-dose course of AstraZeneca’s COVID-19 vaccine is effective against Omicron, the company said, citing data from an Oxford University study. Its findings match those from rivals Pfizer-BioNTech and Moderna, which say a third shot of their vaccines works against Omicron. Coming on top of reports that Omicron patients are less likely to need hospit…

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