Sterling Falls to Dollar On Lockdown Measures, Trade Deal – 4 January, 2021

Warnings of tighter UK lockdown measures and the first day of Britain trading outside of the European Union caused sterling to dip against the dollar. The pound started out strong against the safe-haven currency, rising above $1.37 for the first time in two years, however the pound ended the day 0.7% lower at $1.3573. Against the euro, it was down 1.1% to 90.365 pence. The dollar index was flat at 89.865, while the yen was little changed at 103.135 per dollar. The euro last stood at $1.22535.