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February 22, 2021 - Written by John Cameron
GBP/USD Exchange Rate Heads Higher on UK Covid Vaccine Optimism
The Pound to US Dollar exchange rate rose by 0.2% today ahead of the unveiling of Prime Minister Boris Johnson’s lockdown exit plan. The pairing is currently trading around $1.40.
Boris Johnson is also expected to highlight new data that shows that Covid-19 vaccines has had a significant effect on transmission.
UK Vaccine Minister Nadhim Zahawi said:
‘Suffice to say the evidence looks good. The Oxford team demonstrated their own evidence of cutting transmission by two-thirds.’
This will offer a far more optimistic view about the reopening of the economy in the months ahead.
Toward the end of trading Monday, the Dow traded up 0.40% to 31,621.04 while the NASDAQ fell 1.57% to 13,656.22. The S&P also fell, dropping 0.28% to .
NZD/USD retreats after spiking to multi-year highs, holds near 0 7300 fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.
EUR/USD bounces off lows, stays near 1 2100 ahead of Lagarde fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.