The UK economy recorded no growth in the third quarter. The pound rallied on Friday as the US dollar fell due to soft inflation figures. US inflation rose by 0.1%, below estimates of 0.2%. The GBP/USD outlook shows further weakness in the UK economy after the Office for National Statistics downgraded its estimate for Q3…
The post GBP/USD Outlook: Pound Retreats as Down Q3 Growth Estimate appeared first on Forex Crunch.
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