Open Demo Account
Home / Market Update / Forex Market / GBP/USD Rebounds from Two-Month Low

GBP/USD Rebounds from Two-Month Low

M. Ali 16 June, 2021 1:06 am Forex Market, Market Update

The British Pound (GBP) showed a mostly negative performance against the U.S. Dollar (USD) on Tuesday, ahead of the U.S. Federal Reserve’s interest decision and policy statement, which is due on Wednesday.

The GBP/USD pair reached its lowest level in about two months at 1.4034, after falling from a daily high of 1.4129, but rebounded as the USD erased some of its gains against major peers.

The pair is currently trading lower for the day by 0.19% at 1.4085.

With much anticipation for a full reopening in the UK with signs of economic recovery, especially in the job market, the decision to delay the return to normal is weighing on the Sterling.

Tags

Check Also

Oil Markets Eying Weekly Gains Following PMI Data

Crude Oil prices rebounded after a volatile Friday, driven by a surge in the US …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends