The GBP/USD pair weakens around 1.3010 despite the consolidation of the US Dollar (USD) during the early European session on Wednesday.
GBP/USD edges lower to near 1.3010 in Wednesday’s early Asian session. Job openings fell more than expected in September. Traders brace for the UK’s Autumn Budget, advanced US Q3 GDP data, which will be released on Wednesday. The GBP/USD pair weakens around 1.3010 despite the consolidation of the US Dollar during the early European session on Wednesday.
Its key trading pairs are GBP/USD, also known as ‘Cable’, which accounts for 11% of FX, GBP/JPY, or the ‘Dragon’ as it is known by traders , and EUR/GBP . The Pound Sterling is issued by the Bank of England . How do the decisions of the Bank of England impact on the Pound Sterling? The single most important factor influencing the value of the Pound Sterling is monetary policy decided by the Bank of England.
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