Pound US Dollar Exchange Rate Holds near Seven-Week High

Pound US Dollar Exchange Rate Holds near Seven-Week High

From futurecurrencyforecast.com

The Pound US Dollar (GBP/USD) exchange rate is holding above $1.35 near seven-week highs during Wednesday’s session after strengthening through post-Christmas trade. Amid a risk-on market mood, the Pound remains supported by the UK government’s stance of avoiding tighter Covid-19 restrictions. The Pound (GBP) is holding most of its recent gains during today’s session on optimism the UK will avoid significant economic disruption from surging Covid-19 infections. Comments from Prime Minister Boris Johnson have supported Sterling sentiment, after he said England can ‘ride out’ the current coronavirus wave. ... (full story)

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