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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.

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