Pound US Dollar exchange rate: GBP/USD flat as Covid-19 appears to be a ‘long-term issue’

The pound remains flat against the dollar following China's announcement of further stimulus, leaving the pairing trading at around $1.302. While the pound dipped from its recent highs before the weekend the US dollar remained supported despite Friday's mixed US data, which showed that core retail sales stagnated in January while industrial production remained weak.

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