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

GBP/USD Declines on New Coronavirus Variant

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.

Check Also

Where US Economy Stands Prior To Election Results

As voters prepare to choose the next president, the U.S. economy is, by most measures, …