GBP/USD rose one-third of one percent after the US Dollar continued to recede to kick off the new trading week.
GBP/USD fell just shy of reclaiming the 1.3000 handle on Monday. UK and US PMI s slated for Thursday this week. Jackson Hole Economic Symposium kickoff looms ahead. Greenback flows extended a near-term course reversal as investors shrug off a recent downswing in market sentiment.
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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