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

AUD Plummets to Five-Year Low as China’s Tariff Bombshell Rocks Global Markets

In a dramatic twist of global economic fortunes, the Australian dollar has crashed to its …