GBP rose on Monday against a basket of world currencies to widen its gains for the third day in a row against USD, hitting a three-week high as the greenback continued to fall against most major currencies, but the royal currency suffered its third consecutive quarterly loss , Amid uncertainty about the secession of the United Kingdom from the European Union.

GBP rose against the dollar by 0.4% as of 10:45 GMT, trading at $ 1.2745, the opening price of $ 1.2698 and the highest at $ 1.2749 since December 10 and the lowest at $ 1.2680.

GBP gained 0.4% against the US dollar on Friday, its second consecutive daily gain, as the US currency fell against most major and minor currencies, and investors focused on buying low-yielding currencies.

Over the past week, the British pound has gained 0.5% against the greenback, its second weekly gain in a row, based on weak US dollar performance and the settlement of sterling positions.

The dollar index fell more than 0.1% on Monday, extending losses for the third day in a row, reversing the continued decline of the US currency against a basket of major and secondary currencies, with risk averse investors to concerns about the global economy.

During the fourth quarter of 2018, the currency lost 2.2% against the US currency, about to incur a third consecutive quarterly loss, with sterling pounding during that period of uncertainty about UK secession from the EU.