Sterling falls to one-month low as dollar rises
The British pound fell to its lowest level in over a month as investors bought safe-haven dollars following a jump in oil prices. Energy supply concerns and falling stock markets also pressured the currency, while markets anticipated upcoming central bank rate decisions.
Xurve View
Insights:
Xurve View
GBP/USD fell 0.4% to $1.3474 on Monday morning, touching its lowest level in more than a month. The drop was driven by a broad dollar rally as energy supply fears gripped global markets.
