The British pound climbed above $1.39 on Monday for the first time in nearly three years.

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The British pound climbed above $1.39 on Monday for the first time in nearly three years, lifted by broad- based dollar weakness as well as by hopes for the end of a third national lockdown.

The currency has been a key gainer against a struggling greenback this month as the aggressive rollout of the COVID-19 vaccination program in the UK raised hopes that its economy will be able to recover more swiftly than its European peers.

British Prime Minister Boris Johnson will judge this week how fast England can exit its COVID-19 lockdown after vaccinating 15 million of its most vulnerable people.

Pound sterling (symbol: £; ISO code: GBP), known in some contexts simply as the pound or sterling, 13 is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, Gibraltar, South Georgia and the South Sandwich Islands, the British Antarctic Territory,4l15l and Tristan da Cunha. It is subdivided into 100 pence (singular: penny, abbreviated: . The Pound sterling is the oldest currency in continuous use. Some nations that do not use sterling also have currencies called the pound.