Sterling steadies after touching week high vs dollar as UK set out reopening plans


* Graphic: World FX rates in 2020

* Graphic: Trade-weighted sterling since Brexit vote

By Joice Alves

LONDON, July 7 (Reuters) – Sterling steadied versus the dollar and the euro on Wednesday after hitting a week’s high against the dollar and a 12-day high against the euro this week as Britain set out reopening plans following the COVID-19 pandemic.

Sterling was flat versus the dollar at 1.3801 by 0830 GMT, after rising on Tuesday to its highest of $1.3898 since June 28.

Versus the euro, it flattened at 85.67 pence, after jumping to a 12-day high of 85.36 pence in the previous session.

Analysts said sterling had found support this week on British Prime Minister Boris Johnson’s plans to end social and economic COVID-19 restrictions in England in two weeks’ time.

Johnson said on Monday the government aimed to end restrictive measures on July 19, with a final decision to be taken next week. He said the step would…

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