The past period was extremely discouraging for the British pound, deepening the recent downtrend of the index and causing the currency to lose around 1% of its opening value. As a result, the GBP Index ended up being the period's worst performer, and posted the second-greatest loss over the past 20 trading days. Longer term changes also lost some of their optimism, but managed to remain positive. Compared to the period ending on August 12, the long-term gap between current and past GBP Index' values tightened by around 2%, with half-yearly growth slipping to 0.5% and yearly increase barely holding above 7%.
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