Sterling rises despite increasing Covid-19 infections

Economies.com
2021-03-25 19:24PM UTC

The British pound rose against the US dollar on Thursday, despite the rising coronavirus infections in many countries, especially in Europe.

 

Several European countries re-imposed lockdown restrictions as infections continue to surge despite administering more Covid-19 vaccines.

 

Johns Hopkins University reported that the number of Covid-19 infections rose to more than 125 million cases worldwide, with a death toll of nearly 2,762,000 victims.

 

The UK is ramping up its vaccination campaign by distributing more of different vaccines to finally contain the pandemic.

 

Sources said that the British Prime Minister Boris Johnson decided to take the first shot of the controversial Oxford-AstraZeneca vaccine, which was suspended in several countries after the death of several people from lung strokes.

 

As of 19:22 GMT, GBP/USD rose 0.4% to 1.3735, after hitting a high of 1.3746 and a low of 1.3670.

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