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Pound US Dollar (GBP/USD) Exchange Rate to Slide Over Covid and Brexit Worries?
The Pound US Dollar (GBP/USD) currency pairing is expected to dip going forwards, as ongoing Covid concerns add to Britain’s woes over the Northern Ireland Protocol. At the time of writing the GBP/USD pairing is trading at $1.3804, down roughly 0.3% from today’s opening rate. While Boris Johnson’s reopening announcement has hitherto buoyed sentiment around the Pound (GBP), health officials have question the decision, observing that ‘by 19 July it’s quite likely there’ll be 50,000 cases a day and when we do take off the restrictions it will make the conditions for transmission of the virus even more ... (full story)