The British pound inched higher against the US dollar on Wednesday, following Bank of England Governor Andrew Bailey's statements.
Bailey said that the impact of the Covid-19 pandemic on the British economy have begun to recede and there are signs on that, adding that the economy is coping with the lockdown measures.
Bailey said that the UK economy was able to mitigate the lockdown measures, compared to the damages of last year.
Bearing in mind that British Prime Minister Boris Johnson earlier this month re-imposed lockdown restrictions in the country until mid-February to curb the coronavirus outbreak.
As of 19:43 GMT, GBP/USD rose 0.1% to 1.3644, after hitting a high of 1.3719, and a low of 1.3623.