Open Demo Account
Home / Market Update / Forex Market / GBP Declines As USD Strengthens

GBP Declines As USD Strengthens

M. Ali 26 May, 2021 11:00 pm Forex Market, Market Update

The British Pound (GBP) declined on Wednesday against the U.S. Dollar (USD), as the later rose across the board on the back of inflation fears easing after recent remarks by Federal Reserve officials.

The GBP/USD pair is down for the day by about 0.20% at 1.4125.

The pair has been moving today in a range between 1.4112 and 1.4176.

In addition, a rise in Treasury bond yields in the United States is providing support to the greenback, amid the absence of major economic data today.

Tags

Check Also

Sterling Declines Following BoE’s Decision, US Labor Data Fuels Fed Cut Bets

The British Pound weakened against the US Dollar following the Bank of England’s decision to …

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