British pound falls against dollar
Economies.com
2021-02-03 21:06PM UTC
The British pound fell against the US dollar on Wednesday, amid hopes over the US economic recovery from the coronavirus pandemic.
US Federal Reserve Chairman Jerome Powell stated recently that the pace of economic recovery has moderated in recent months, but added that the economy would recover in tandem with vaccination.
Pfizer announced that its Covid-19 vaccine showed effectiveness against the new strains in lab trails.
As of 20:57 GMT, GBP/USD rose 0.2% to 1.3636, after hitting a high of 1.3683, and a low of 1.3620.
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