The British pound fell against the US dollar on Friday, following Bank of England Governor Andrew Bailey's remarks.

Bailey said that the coronavirus pandemic and the coming shift in trading relations between Britain and the European Union were pose risks to financial system.

He added that although there have been encouraging developments on Covid-19 vaccines, the range of downside risks that remain,.

Talks between the EU and the UK are continuing, in attempts to reach a deal that prevents a chaotic Brexit.

The United Kingdom started earlier this week to administer doses of Pfizer's vaccine,  after approving its emergency use.

British Prime Minister Boris Johnson said that this step is of great importance in efforts to combat the deadly virus.

As of 20:50 GMT, GBP/USD fell 0.5% to 1.3220, after hitting a high of 1.3325 and a low of 1.3135.

Silver prices held on Friday, giving up the early gains as the US dollar rose against its peers, but the precious metal posted weekly gains.

The US Senate today approved a bill extending federal government funding for an additional week.

The US Treasury Secretary Steven Mnuchin proposed $916 billion stimulus package to House Speaker Nancy Pelosi.

The US is preparing to start distributing Pfizer's and Moderna's vaccines after regulatory authorities gave the green light for the emergency use of the vaccines to curb the spread of the deadly virus.

The dollar index rose against a basket of major currencies by 0.2% to 90.9 points as of 21:04 GMT, after hitting a high of 91.04 points and a low of 90.6 points.

Silver March futures closed at $24.092 an ounce, with weekly gains of 0.7%, after hitting today's high at $24.295 and the low at $23.690.

The main US stock indices closed mixed on Friday, amid anticipation of the outcome of the US second fiscal stimulus package talks.

The US Treasury Secretary Steven Mnuchin proposed $916 billion stimulus package to House Speaker Nancy Pelosi.

The US is also preparing to start distributing Pfizer's and Moderna's vaccines after regulatory authorities gave the green light for the emergency use of the vaccines to curb the spread of the deadly virus.

Moderna announced today that the US government has applied to purchase 100 million doses of its Covid-19 vaccine.

Data showed today that the US producer price index rose 0.1% during November, from a rise by 0.3% in October.

The US Senate today also approved a bill extending federal government funding for an additional week.

To the oil market, WTI crude December futures fell 0.5% or 21 cents, and closed at $46.57 a barrel, but posted weekly gains of 0.7% after hitting a day high of $47.2 and a low of $46.3.

Brent January futures fell 0.6% or 28 cents, and closed at $49.97 a barrel, with weekly gains of 1.5%, after hitting a high of $50.7 and a low of $49.7.

As for stocks, Dow Jones rose 0.2% or 47 points, and closed at 30046, with a weekly loss of 0.6%, a day high of 30071, and a low of 29820.

Nasdaq fell 0.2% or 28 points to 12,377 points, and registered an 0.7% weekly loss, with a high of 12,383 and a low of 12,246.

S&P 500 fell 0.1% or 4 points to 3,663, and posted a weekly loss of 1%, after hitting a high of 3,665 and a low of 3 ,633.

The US dollar rose against its peers on Friday, amid anticipation of the outcome of the US second fiscal stimulus package talks..

The negotiations between the White House and US Congress leaders are continuing in efforts to pass a new stimulus package to ease the impact of the coronavirus pandemic on the economy.

The US Treasury Secretary Steven Mnuchin proposed $916 billion stimulus package to House Speaker Nancy Pelosi.

The US is also preparing to start distributing Pfizer's and Moderna's vaccines after regulatory authorities gave the green light for the emergency use of the vaccines to curb the spread of the deadly virus.

Data showed today that the US producer price index rose 0.1% during November, from a rise by 0.3% in October.

The US Senate today approved a bill extending federal government funding for an additional week, a day after the House of Representatives passed it.

The dollar index rose against a basket of major currencies by 0.2% to 90.9 points as of 19:35 GMT, after hitting a high of 91.04 points and a low of 90.6 points.