GBP/USD retraces the recent losses that were registered on Thursday, trading higher around the 1.2200 psychological level. However, the pair faced cha
GBP/USD hovers around 1.2200 post recent losses on upbeat US data llenges due to the optimistic economic data from the United States . The Consumer Price Index in the US, as revealed by the US Bureau of Labor Statistics , exceeded expectations in September, with annual figures expanding consistently at a rate of 3.7%, slightly surpassing the estimated 3.6%. Read more... GBP/USD Forecast: Pound Sterling stabilizes above 1.
Pound Sterling weakens on persistent slowdown fears The Pound Sterling dropped from a two-week high as the United Kingdom’s economic outlook weakened after factory output contracted for the second consecutive month. The GBP/USD pair surrendered the majority of recent gains as data from the US showed inflation remains persistent, denting the risk appetite of market participants.
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