GBP/USD week 48

The British pound traded slightly higher at $1.337 on Tuesday, having touched a two-week high of $1.3398 in the previous session, lifted by post-Brexit trade deal optimism, positive news about a coronavirus vaccine and the end of the one-month full lockdown in England. AstraZeneca and Oxford University announced that their experimental vaccine could be 90% effective in giving immunity to Covid-19, following encouraging results from Pfizer and Moderna earlier this month, who both reported 95% efficacy. Meanwhile, Prime Minister Boris Johnson’s government confirmed that England’s lockdown will end on December 2nd and the UK will move to a 4 Tier system.

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