GBP/USD Hits Lowest Since April as UK Political Turmoil Weighs
The British pound extended its decline against the U.S. dollar, falling below 1.3200 to a fresh low since April amid ongoing political uncertainty in the UK.
GBPUSD
The GBP/USD pair continued its three-day losing streak during Asian trading, sliding further below the 1.3200 mark to reach its lowest level since April. The move comes as the U.S. dollar remains broadly bid, while the pound is pressured by the UK's political crisis.
Traders are monitoring developments in London, where political instability has weighed on sterling sentiment. No specific policy triggers were cited in the market note, but the pair's technical breakdown below key support levels has accelerated selling.
Source: FXStreet Forex News