The GBP Falls

The GBP dropped this morning after a poll indicating that opposition for the Prime Minister Boris Johnson's Conservative Party in an election later in the week is coming shorter.

In the meantime, the rate of the USD is focused on the Federal Reserve's policy meeting.

Presently, the GBP versus the USD trades at $1.3152, which is another decline of $0.00023 or 0.02% from the previous close of $1.31545.

The daily range is from $1.3107 to 1.3159, while the trading volume is 156.735K.

The market is also concerned with the Trump Administration will do in terms of additional U.S. tariffs on nearly $160 billion worth of Chinese imports.

The GBP also tumbled versus the euro, coming off its 2 1/2-year high of 0.8394 touched earlier this week.

The sterling managed to advance during the past couple of months on higher forecasts that that Johnson will win a majority in parliament after a Dec. 12 election to end London’s crisis of the Brexit, which has been in action since 2016.