The British pound rose against most of the major currencies during trading today, Friday, in light of the decline of the US currency against its major counterparts, as well as following up on the developments of the Corona pandemic.
The average rate of daily infections with the Corona virus increased in many countries around the world, most notably the United States, which is witnessing a new wave of the pandemic.
This comes at a time when the mutated "Delta" strain, which is characterized by a rapid spread and is more deadly, has already appeared in the United Kingdom, but Prime Minister Boris Johnson's government has refused to re-impose lockdown restrictions.
The US currency fell after the release of government data, according to a joint survey between the University of Michigan and Reuters, which showed that the US consumer confidence index fell to 70.2 points this month, while analysts' expectations indicated that the index would stabilize at 81.2 points, unchanged.
In terms of trading, the pound rose against the US dollar by 18:17 GMT by 0.5% to 1.3872, and recorded the highest price at 1.3876 and the lowest price at 1.3792.
0 Comments