GBP/USD collapses while political turbulence in the United Kingdom shakes the markets, future of Reeves in doubt
The sterling pound (GBP) collapses sharply, about more than 1% or 170 pips, on Wednesday against the US dollar (USD) amid the growing speculation that Treasury Chancellor Rachel Reeves could be replaced by Prime Minister Keir Starmer. The GBP/USD is quoted at 1,3610, after reaching a daily minimum of 1,3562. Read more…
GBP/USD falls more than 1% as political turbulence in the United Kingdom triggers a mass sale in the market
The sterling pound (GBP) weakens against the US dollar (USD) on Wednesday, with the GBP/USD sliding more than 1% in the day from its highest level since October 2021. The pair is quoted about 1,3593 during the American session, while political and fiscal nerves weigh on the feeling of the pound. Read more…
The sterling pound is quoted against the US dollar before US ADP employment data.
The sterling pound (GBP) is corrected to about 1,3700 against the US dollar (USD) during the European negotiation session on Wednesday from the new maximum of three and a half years around 1,3800 registered the previous day. The GBP/USD torque faces sales pressure as the United States currency (USA) gains ground, after optimistic Jolts employment offers data for May. Read more…
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
