Sterling falls as investors shy away from risk

The British pound fell against the US dollar on Monday, as investors avoided risk assets.

Countries around the world are intensifying their efforts to combat the Covid-19 pandemic with largescale vaccination campaigns.

Several European countries re-imposed lockdown restrictions due to rising Covid-19 infections.

The British Prime Minister Boris Johnson is gradually working to ease the Covid-19 lockdown restrictions, in tandem with progress in administering vaccines, led by the Oxford-AstraZeneca and the Pfizer-BioNTtech vaccines.

Boris Johnson decided to take the first shot of the controversial Oxford-AstraZeneca vaccine to confirm its safety.

As of 19:31 GMT, GBP/USD fell 0.2% to 1.3761, after hitting a high of 1.3846 and a low of 1.3756.