The UK economy unexpectedly contracted in October. The pound has lost nearly 2% of its value against the dollar this week. Market participants are awaiting the US retail sales report. The GBP/USD price analysis shows an unexpected contraction in the UK economy, which has put the pound in a vulnerable position. On the other hand,…
The post GBP/USD Price Analysis: UK Economy Records Surprise Downturn appeared first on Forex Crunch.
Read Full Story
- USD/CAD Outlook: Loonie Relieved as BoC Hits Pause - April 17, 2025
- AUD/USD Forecast: Markets Eye RBA Cut Despite Solid Jobs Data - April 17, 2025
- GBP/USD Forecast: UK Inflation Miss Fails to Deter Sterling Rally - April 16, 2025