GBP/USD Set for Worst Monthly Performance in a Year
The GBP/USD pair is on track to close June with its worst monthly performance since July last year, trading near 1.3182. Sterling has lost about 2.2% since the start of the month, hitting its lowest level since November.
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The British pound continued its decline against the US dollar on Friday, with the GBP/USD pair trading near 1.3182. The month-end close is set to mark the worst monthly performance for sterling since July of last year.
Since the beginning of June, the currency has dropped approximately 2.2%, reaching levels not seen since November. The ongoing sell-off reflects persistent strength in the US dollar and continued pressure on the pound.
Source: FXStreet Forex News