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Sterling rises against weaker dollar amid vaccine hopes
The British pound rose against the US dollar on Tuesday, amid optimism about the promising Covid-19 vaccines.
The number of Covid-19 infections rose to more than 54 million cases globally, which led countries such as Britain and France to reimpose lockdown restrictions.
While the American company Moderna announced yesterday that its coronavirus vaccine is more than 94% effective in preventing the disease.
The British Prime Minister Boris Johnson announced that he placed himself under self-quarantine after having close contact with a person who contracted the coronavirus, which comes after Johnson was infected earlier this year and his full recovery.
As of 21:20 GMT, GBP/USD rose 0.4% to 1.3252, after hitting a high of 1.3273 and a low of 1.3191.
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