Open Demo Account
Home / Market Update / Forex Market / GBP/USD Sees Worst Daily Loss in Week

GBP/USD Sees Worst Daily Loss in Week

M. Ali 27 August, 2021 2:38 am Forex Market, Market Update

The British Pound (GBP) fell against the U.S. Dollar (USD) as the greenback rose across the board for the first time in five sessions.

The Sterling registering its biggest loss to the USD since August 19.

The GBP/USD pair declined by 0.47% to the level of 1.3699.

The pair has snapped a three-session rising streak and is now down for the month by 1.45%.

Markets are anticipating remarks by the Federal Reserve Chair Jerome Powell in the Jackson Hole Economic Symposium, which began today.

Tags

Check Also

As Inflation Cools, US Stocks Surge

The US stock market experienced a significant rally on Friday, fueled by a cooler-than-expected inflation …

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