Sterling declines for the third straight session

Sterling continues to decline during Thursdaytrades the record a low for the third consecutive day, and recording the lowest level in a week against the dollar, which reflects the negative influenced by high levels and the recovery of the dollar against major currencies this week.

The pound against the dollar is currently trading at the level of 1.86, after the session opened today at the level of 1.4503, the lowest level in a week at 1.4442 and recorded the highest level at 1.4527 comes after rising earlier this week to its highest level in three months at 1.4767.

Decline in the pound comes under the negative correction that began since the beginning of trading this week, which helped to decline especially with the rise of the dollar against major currencies, increasing the negative pressure on the royal currency.

On the other hand, we find that the US dollar witnessed a recovery during trades on Thursday against major currencies for the third consecutive day in order to gain a positive correction after it fell to its lowest level in 15 months due to expectations of continued negative impact of the weak growth in the global economy on the US economy.

The dollar index, which tracks the performance of the dollar against a basket of major currencies, is currently trading at 93.73 level, after recording the highest at 93.86 this week, while today's session was opened at the level of 93.23 marking the lowest level at 93.17. comes after the dollar index fell early trading this week, recording the lowest level in 15 months at 91.90.