The British pound recorded new lows this month after breaking the 1.54 level. With many forex trading investors looking for a safer currency to trade with, the British pound failed to gain momentum and weakened against the dollar. It also didn’t help that the Net Lending to individuals came out 0.4B short than the 0.7B forecast. In the end, the GBP forex pair traded at a low of 1.5325 and a high of 1.5472.

The euro only managed a small gain against the dollar and bounced back almost near the support level. The Preliminary CPI remained the same as the 1.6% forecast. From -19k expected outcome, the German Unemployment Change tumbled to -17k. On September 1 trading day, the EUR/USD traded between 1.2625 and 1.2742.

The US dollar posted gains against many forex majors including the Canadian dollar. The USD/CAD traded at a low of 1.0573 and a high of 1.0671. Meanwhile, the Japanese yen rose against the dollar, as the USD/JPY ended up with a low of 83.80 and a high of 84.65.