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GBP/USD Recovers Some of its Earlier Losses

M. Ali 8 December, 2020 12:03 am Forex Market, Market Update

The British Pound (GBP) is showing a negative performance on Monday, however, it was able to cut its losses in half showing some recovery signs amid anticipation for what could be the latest round of trade talks between the United Kingdom (UK) and the European Union (EU) about the post-Brexit arrangement.

The GBP is down against the US Dollar (USD) by 0.34%, with the GBP/USD pair trading at 1.3395.

This comes after the pair fell earlier today to 1.3225.

It is worth noting that on Friday, the pair rose to its highest level in about 19 months before closing at the level of 1.3441.

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