Open Demo Account
Home / Market Update / Forex Market / GBP Declines for Third Day in Row Against USD

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.

Tags

Check Also

Bitcoin Suffers 10% Loss Amidst Profit-Taking

Bitcoin has continued to decline since the opening of trading on Monday, influenced by a …

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