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GBP Declines Against USD and EUR

M. Ali 22 October, 2020 11:41 pm Forex Market, Market Update

The British Pound (GBP) retreated on Thursday, after showing a very strong performance yesterday that was supported by renewed hopes for a trade agreement between the United Kingdom (UK) and the European Union (EU) in the post-Brexit stage.

The GBP is down against the US Dollar (USD) by 0.52%, with the GBP/USD trading at 1.3081, moving in a range between 1.3071 and 1.3153, after closing Wednesday at 1.3149.

Meanwhile, the GBP/EUR is down by 0.19%, trading at 1.1067.

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