British pound slips, but recovers from lowest level this year

British pound fell in today's trading session, but has trimmed its losses, which have pushed it to its lowest level this year.

The dollar pushed most major currencies today after a strong monthly jobs report, which showed that the US economy has added 224,000 jobs in June, while analysts expected 170,000 jobs.

The lack of certainty on the British circles as the government's forthcoming attempt to reach an agreement with the European Union has not been discussed yet, to avoid the United Kingdom the consequences of a withdrawing from the unified bloc without privileges to ensure the stay in the customs union, for example.

Bank of England Chairman Mark Carney poured oil on fire when he spoke about the negative effects from the US-China trade war on the British economy.

On the other hand, European countries governments are moving towards the nomination of Mark Carney to the presidency of the International Monetary Fund, succeeding Christine Lagarde the candidate to the presidency of the European Central Bank.

In terms of trade, by 19:04 GMT GBP/USD fell by 0.4% to 1.2523 after recording the lowest level since January 3 at 1.249, with the highest price of the day at 1.2588 and the lowest price at 1.2481.