British pound loses edge on risk aversion

Economies.com
2021-02-25 21:14PM UTC

The British pound fell against the US dollar today, amid investors' risk aversion, but remains above $1.4.

 

The British government is preparing for a gradual reopening of the economy after several months of lockdowns, which heralds the gradual economic recovery in the United Kingdom.

 

The British government has ramped up the distribution of vaccines in the country, and many agencies confirmed Britain's superiority over many other countries in this matter.

 

Johns Hopkins University reported that the global Covid-19 death toll is now close to two and a half million victims.

 

As of 20:59 GMT, GBP/USD fell 0.9% to 1.4009, with a high of 1.4182 and a low of 1.4001.

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