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February 22, 2021 - Written by John Cameron GBP/USD Exchange Rate Heads Higher on UK Covid Vaccine Optimism The Pound to US Dollar exchange rate rose by 0.2% today ahead of the unveiling of Prime Minister Boris Johnson’s lockdown exit plan. The pairing is currently trading around $1.40. Boris Johnson is also expected to highlight new data that shows that Covid-19 vaccines has had a significant effect on transmission. UK Vaccine Minister Nadhim Zahawi said: ‘Suffice to say the evidence looks good. The Oxford team demonstrated their own evidence of cutting transmission by two-thirds.’ This will offer a far more optimistic view about the reopening of the economy in the months ahead.

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