GBP USD continued losing ground through the first half of the European session and dropped to one-week lows,
around the 1.3840-35 region in the last hour.
The GBP/USD pair came under some renewed selling pressure on Tuesday and extended its recent rejection slide from the key 1.4000 psychological mark. This marked the third day of a negative move in the previous four and was sponsored by a combination of factors.
Against the backdrop of last week's dovish Bank of England, worries about the spread of the more contagious Delta variant of the coronavirus acted as a headwind for the British pound. On Monday, the UK reported the largest one-day increase in new cases since January 30.
around the 1.3840-35 region in the last hour.
The GBP/USD pair came under some renewed selling pressure on Tuesday and extended its recent rejection slide from the key 1.4000 psychological mark. This marked the third day of a negative move in the previous four and was sponsored by a combination of factors.
Against the backdrop of last week's dovish Bank of England, worries about the spread of the more contagious Delta variant of the coronavirus acted as a headwind for the British pound. On Monday, the UK reported the largest one-day increase in new cases since January 30.