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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

British currency rises on news from the UK

August, 03 2021
watermark Economic news

The British sterling rate is rising on Tuesday after three days of decline amid news related to quarantine restrictions in the UK. The current pound rate is 1.3935.


This correctional gain in the currency comes amid news that the UK has lifted quarantine requirements for passengers arriving from the US and the European Union from 2 August if they are fully vaccinated against the coronavirus. The exemptions apply only to those who received vaccines approved by the US and European regulators FDA and EMA.


Analysts note that reducing the number of cases of coronavirus infection and easing restrictions on international travel could significantly improve the prospects for the country's economic recovery.


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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.