GBP Heads for Biggest Weekly Loss Against USD Since May

The British Pound (GBP) is heading for its biggest weekly drop since May against the US Dollar (USD), according to FOREX.com.

This comes as a result of the pound's decline in value, which has seen it lose ground against the dollar over the past week. The data from FOREX.com shows that 77% of retail investor accounts lose money when trading Contracts for Difference (CFDs) with this provider.

It is essential to consider whether you understand how CFDs work and whether you can afford to take on the high risk of losing your money rapidly due to leverage. StoneX Europe Limited, which operates FOREX.com, reminds investors that they should fully comprehend the risks involved before trading.