Pricing format clarification

Beginner Questions
1

Sorry for what may sound like a silly question. Can somebody please clarify what the -0.0020 (-0.16%) figures represent in the price for GBP/USD for example

1.2326 -0.0020 (-0.16%)

This is shown on certain websites which you lookup a major currency.

Is this stating that there has been a decrease of 20 pips (which equates of 0.16% decrease) since / in comparison to last closing price? Previous days close?

2

Yes, exactly, it declares the change in price since the last close, but be aware sometimes it is the change in price since the close of the last candle in the time-frame selected.

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