The GBP/USD pair hovers near a fresh monthly low around 1.2665 in Thursday’s American session.
GBP/USD posts a fresh monthly low near 1.2665 as the US Dollar recovers. The US Dollar bounces back on lower US jobless claims for the week ending August 2. The Cable extends its losing streak for the fourth trading day. The Cable exhibits a subdued performance as the US Dollar has recovered sharply after the release of the lower-than-expected United States Initial Jobless Claims in the week ending August 2.
GBP/USD daily chart Pound Sterling FAQs What is the Pound Sterling? The Pound Sterling is the oldest currency in the world and the official currency of the United Kingdom. It is the fourth most traded unit for foreign exchange in the world, accounting for 12% of all transactions, averaging $630 billion a day, according to 2022 data. Its key trading pairs are GBP/USD, aka ‘Cable’, which accounts for 11% of FX, GBP/JPY, or the ‘Dragon’ as it is known by traders , and EUR/GBP .
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