British pound inches higher after UK retail data

2020-11-20 21:53:21 GMT (Economies.com)
British pound inches higher after UK retail data

The British pound rose slightly against the US dollar on Friday, following the release of robust economic data.

 

The data showed that the UK retail sales index rose 1.2% during October, beating forecasts of a drop by 0.3%.

 

The public sector net borrowing reached 21.6 billion pounds, better than forecasts of $31.6 billion.

 

The American company "Pfizer" and the German firm "BioNTech" announced on Wednesday that the clinical trials on their Covid-19 vaccine showed it was 95% effective.

 

AstraZeneca and the University of Oxford announced Covid-19 vaccine has shown a strong immune response in the cases that received their vaccinations.

 

As of 21:20 GMT, GBP/USD rose 0.2% to 1.3282, after hitting a high of 1.3296, and a low of 1.3246.

 
 
 
  Symbol Last Change Chg.%
1.1923
0.0029
0.2421%
1.3324
-0.0059
0.4412%
Tadawul
8693.47
65.41
0.76%
23.189
-0.857
3.562%
45.275
2.450
5.721%
48.14
0.36
0.75%
1806.205
-60.305
3.231%
 
 
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