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GBP Declines Ahead of New Lockdown

M. Ali 2 November, 2020 9:28 pm Forex Market, Market Update

The British Pound (GBP) declined on Monday as the United Kingdom (UK) prepares to enter into a new lockdown to curb the spread of the Coronavirus (COVID-19) pandemic.

The GBP is down by 0.34% against the Euro (EUR), with the GBP/EUR pair trading at 1.1085.

Meanwhile, the Sterling losses came larger against the rising US Dollar (USD), with the GBP/USD trading lower by 0.40% at 1.2895.

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