UK pound stronger versus US dollar

Business | 5 Aug 2020 11:14 pm

UK's sterling edged 0.6 percent higher on
Wednesday against a broadly weaker dollar as the U.S. coronavirus relief package stalled in Congress and U.S. bond yields sank.

Sterling climbed back toward pre-pandemic highs and was advancing towards a five-month peak hit last week versus the greenback.

The British currency gained by 0.6 percent against the dollar to US$1.3150 by and was down 0.1 percent against the euro at 90.40 pence.

Sterling has had a strong recovery against the dollar in the past few weeks.



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