Open Demo Account
Home / Market Update / Forex Market / GBP/USD Declines on New Coronavirus Variant

GBP/USD Declines on New Coronavirus Variant

M. Ali 21 December, 2020 10:40 pm Forex Market, Market Update

Announcing the discovery of a new variant of the Coronavirus in the United Kingdom (UK) has led to the decline of the British Pound (GBP) on Monday.

The GBP is down by 1.12% against the US Dollar (USD), trading at 1.3372.

Earlier today, the GBP/USD pair fell as low as 1.3188, while its highest level was at 1.3503, after opening at 1.3502.

Last week, the pair closed at 1.3523.

Tags

Check Also

Gold Fights Back Above $4,000 as Markets Weigh Inflation and Rate Risks

Precious Metal Attempts to Stabilize After Sharp Sell-OffGold showed signs of resilience on Tuesday after …

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