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Pound US Dollar Exchange Rate Subdued amid Soaring Covid-19 Cases
The Pound US Dollar (GBP/USD) exchange rate has remained muted today as soaring Covid-19 cases and the spread of the Omicron variant place pressure on the currency pair. At time of writing the GBP/USD exchange rate is at around $1.3410, which is virtually unchanged from this morning’s figures. Pound (GBP) Moves Little as UK Covid-19 Cases Hit New Record The Pound has remained subdued today amid a risk-on trading mood as the UK recorded a record new number of Covid-19 cases on Thursday. Industry and transport networks are facing severe staff shortages due to staff illness and self-isolation periods. On Monday, Prime ... (full story)