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EUR/GBP Exchange Rate Falls as Confidence Grows in UK Economy The Euro Pound exchange rate fell by 1% today after the UK downgraded its Covid-19 threat level from 4 to 3, highlighting the success of vaccinations and social distancing. The pairing is currently fluctuating around £0.86. Sterling has continued to rise today thanks to growing optimism in the UK economy. NHS England national medical director, Prof Stephen Powis, however expressed caution about the UK’s Covid-19 situation, saying: ‘Covid is still circulating with people catching and spreading the virus every day so we all need...