Pound Set to Snap Losing Streak Vs US Dollar COVID-19 | FxPremiere.com – The GBP pound continued to rack up gains on Friday and remained on track to snap a two-week losing streak against thPound Set to Snap Losing Streak Vs US Dollar COVID-19e U.S. dollar, even as data showed the biggest rise in coronavirus deaths in the UK so far, threatening to keep economically-burdensome lockdown measures in place for a prolonged period.
GBP/USD surged 1.85% to $1.2427.
The death toll rose by 181 to 759, the biggest increase, with infections topping 13,000 nationwide. Several lawmakers in the U.K. including Prime Minister Boris Johnson, have tested positive for Covid-19 Virus. – Pound Set to Snap Losing Streak Vs US Dollar COVID-19
The rally in the GBP pound was also helped by weakness in the US dollar despite Congress passing its $2.2 trillion stimulus package on Friday, with President Donald Trump expected to sign it into law later today.
REUTERS
The U.S. dollar index, which measures the greenback against a trade-weighted basket of six major currencies, fell by 0.77% to 98.60.
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