Home / Market Update / Forex Market / GBP/USD Declines amid Thin Trade

GBP/USD Declines amid Thin Trade

The British Pound (GBP) fell on Monday against the U.S. Dollar by 0.14%, as the greenback strengthened across the board, amid thin trade with the Labor Day holiday in North America.

The GBP/USD pair declined by 0.14% to 1.3838, snapping a three-session rising streak and logging its biggest drop since August 26.

The Sterling remains higher against the USD by about 1.27% since the beginning of the year.

Today, the British Retail Consortium (BRC) Like-For-Like Retail Sales index registered a decline to a reading of 1.5% in August, from 4.7% in July.

Check Also

Will Trump and Powell be on a collision course?

President Donald Trump could be considering his own favourite pick for the position of Federal …