LONDON (Reuters) - The British pound got a boost from renewed Brexit hopes and investor risk sentiment on Tuesday, ignoring the fact that British employers made a record number of staff redundant in the third quarter.
Appetite for buying riskier assets grew after Pfizer and BioNTech announced a promising coronavirus vaccine on Monday, coupled with expectations that the UK will manage to clinch a deal with the European Union by the end of the year.
The pound rose to a two-month high of $1.3222.
Money markets have pushed back expectations UK interest rates will turn negative to June 2021 from May.
Sterling was last trading up 0.4% at $1.3211, and up 0.1% against the euro at 89.62 pence, close to a two-month high.
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