British pound is the worst performing G10 currency today. Weakening was triggered by Johnson’s plan to significantly shorten Brexit transition period. UK labour market data released at 9:30 am GMT did not provide relief for the currency as it showed bigger-than-expected slowdown in wage growth (3.2% YoY vs expected 3.4% YoY) and rising number of claims. GBPUSD is trading over 0.7% lower and the pair has erased the post-elections surge.
GBPUSD erases post-election surge and trade back near the 1.32 handle. Source: xStation5
Daily Summary: Bessent Shakes the Market – Dollar Down Sharply, Gold Up 3.5% (19.08.2026)
Dollar weakens by 0.8%
Daily Summary: Nasdaq at 1-week low, gold and silver erase gains (18.08.2026)
Macro Calendar: US housing market in the spotlight of investors (18.08.2026)