Pound US Dollar (GBP/USD) Exchange Rate Falls as Demand for Safe-Haven USD Increases
April 6, 2021 - Written by John Cameron GBP/USD Exchange Rate Fall as Risk-Off Markets Boost Safe-Haven Demand The Pound US Dollar (GBP/USD) exchange rate fell by -0.4% today as demand for the safe-haven US Dollar has risen as Europe suffers from a third-wave of Covid-19. The pairing is currently fluctuating around $1.38. The US Dollar (USD) has benefited from souring risk-sentiment today, with concerns growing for the global economy as Europe suffers from a rising number of Covid-19 cases. Marios Hadjikyriacos, an investment analyst at brokerage XM, commented: ‘It is difficult to be pessim...
Source: currencynews.co.uk