Home GBP GBP/USD: Pound Extends Losses on Brexit Concerns, Service Sector Data In Focus

GBP/USD: Pound Extends Losses on Brexit Concerns, Service Sector Data In Focus

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3rd September 2020

The Pound US Dollar (GBP/USD) exchange rate is slipping lower for a second day. The pair is targeting US$1.33.

The Pound is under pressure as Brexit fears linger. The clock is ticking towards the end of the transition period and Michel Barnier has highlighted the need for a move now towards an agreement. UK service sector data is up next.

The US Dollar rebounded in the previous session and is holding those gains despite weaker than forecast ADP private payroll data. US ISM non-manufacturing PMI could drive US Dollar movement with the employment component under the spotlight

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Currencylive.com is a site operated by Wise Inc. ("We", "Us"), a Delaware Corporation. We do not guarantee that the website will operate in an uninterrupted or error-free manner or is free of viruses or other harmful components. The content on our site is provided for general information only and is not intended as an exhaustive treatment of its subject. We expressly disclaim any contractual or fiduciary relationship with you on the basis of the content of our site, any you may not rely thereon for any purpose. You should consult with qualified professionals or specialists before taking, or refraining from, any action on the basis of the content on our site. Although we make reasonable efforts to update the information on our site, we make no representations, warranties or guarantees, whether express or implied, that the content on our site is accurate, complete or up to date, and DISCLAIM ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. Some of the content posted on this site has been commissioned by Us, but is the work of independent contractors. These contractors are not employees, workers, agents or partners of Wise and they do not hold themselves out as one. The information and content posted by these independent contractors have not been verified or approved by Us. The views expressed by these independent contractors on currencylive.com do not represent our views.