GBP/USD Closes at Lowest Level Since June 18

The British Pound (GBP) resumed losses against a stronger U.S. Dollar (USD), with the latter rising on the back of a rebound by Treasury bond yields.

In addition, the Sterling remains impacted by the uncertainty surrounding plans to reopen the U.K. despite concerns about the coronavirus Delta variant.

Today, the GBP/USD pair closed lower by 0.33% at 1.3838, bearing its biggest losses since June 18.

The pair has declined for three out of the past four sessions, reaching its lowest level in about eight sessions.