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GBP Declines for Third Day in Row Against USD

M. Ali 18 June, 2021 1:25 am Forex Market, Market Update

The British Pound (GBP) maintained its downwards trend against the U.S. Dollar (USD) for the third consecutive session on Thursday.

A surprise hawkish change in tone by the U.S. Federal Reserve provided support for the greenback, while the Sterling remains impacted by uncertainty regarding easing lockdown measures in the U.K.

The GBP/USD pair fell by 0.44% today to reach the level of 1.3926, extending its losses over three days to 1.29% in the worst three-day losing streak since March 24.

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