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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 pessimistic on the dollar as the U.S. economy is already stronger than Europe’s thanks to fewer lockdowns, is miles ahead in the vaccination race, and has more stimulus coming.’

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