Categories: Forex Analysis

GBP/USD Outlook: UK PMI Highlights Rising Price Pressures

Business activity in the UK stalled in December. Prices charged by UK companies accelerated at the fastest rate in nine months. Traders are almost fully pricing a 25-bps Fed rate cut this week. The GBP/USD outlook shows a recovery from Friday’s lows after UK PMI data revealed accelerating price pressures. However, the long-term outlook for…
The post GBP/USD Outlook: UK PMI Highlights Rising Price Pressures appeared first on Forex Crunch.
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