The GBP/USD collapses after disappointing GDP data from the United Kingdom, the commercial war escalation drives the USD
The GBP/USD falls more than 0.59% after worse than expected Gross Domestic Product figures (GDP) in the United Kingdom, which could justify greater relief by the Bank of England (BOE). This and an escalation of the commercial war driven the US dollar. At the time of writing, the PAR is quoted in 1,3504 after reaching a maximum of 1,3584. Read more…
The sterling pound falls while the decreasing GDP of the United Kingdom drives the moderate bets of the BOE
The sterling pound (GBP) faces sales pressure in front of its peers on Friday after the publication of weak data of the Gross Domestic Product (GDP) of the United Kingdom and the industrial production of May. The National Statistics Office (ONS) reported that the economy of the United Kingdom contracted 0.1% in the month, compared to expectations of an expansion of 0.1%. Read more…
The GBP/USD falls about 1,3550 in the midst of growing economic concerns, the United Kingdom’s GDP is expected
The GBP/USD continues its loss streak for the sixth consecutive day, quoting around 1,3560 during Friday’s Asian hours. The torque depreciates as the US dollar (USD) extends its profits due to evolutionary monetary policy signals by Federal Reserve officials (FED). The operators are probably attentive to the data of the Gross Domestic Product (GDP) of the United Kingdom that will be published later in the day. 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.
