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Kalkine Media ASX Share Market News & Research

How GBP Is Shining Against USD Amidst England's Second Stage Of Recovery?

April 14, 2021 10:16 AM BST | By Team Kalkine Media
Google News: https://kalkinemedia.com/resources/assets/public/images/google-news.webp

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The Great Britain pound (GBP) gathered pace against the United States dollar (USD) in the late morning deals on Monday, 12 April, as England started to reopen in line with the directions laid out in the second stage of the phased easements planned by the government. Pound sterling displayed strongness against the greenback after the US dollar index, the metric gauging USD’s value vs a basket of six currencies, slipped more than 30 basis points.

The domestic currency has depreciated from its multi-year high level of over 1.42, achieved in the last week of February 2021, to near 1.36 mark within a month at the interbank foreign exchange market.

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