GBPUSD extended losses to a two-week low ahead of British services data

GBPUSD fell slightly on Tuesday to deepen its losses for the fourth day , the lowest level in two weeks, as the US currency continued to rise against most major currencies, in conjunction with the negative pressure resulting from uncertainty about how to leave UK is the European Union, ahead of the release of significant data on the UK services sector, which provides strong evidence on the pace of recovery of the royal economy during the first quarter of this year.

GBPUSD was down 0.05% at 07:55 GMT, trading at $ 1.3028, the opening high at $ 1.3034 and a high of $ 1.3051, as low as $ 1.3026 since January 24.

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GBPUSD fell 0.85% over last week’s trading, the first weekly loss in the last seven weeks, as uncertainty increased uncertainty over how the UK would leave the EU.


The dollar index rose more than 0.1% on Tuesday, continuing its fourth consecutive day of gains, reaching a two-week high of 95.69 points, reflecting the continued rise of the US currency against most major and minor currencies.

USD rising comes in the wake of rising risk appetite in the global financial markets, and support the rise in US Treasury yields for ten years.

Restraint of currency losses: report According to a press report, goods shipped to London from the European Union could be passed without examination in case of Britain’s separation from the European Union.

Later in the day, investors are looking for significant data on the UK services sector in January, providing strong evidence of the recovery of the royal economy in the first quarter of this year.

By 09:30 GMT, the expected PMI of 51.1 during January and the index reached 51.2 in December.

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