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club Felene

GBP/USD Outlook: Pound Retreats as Down Q3 Growth Estimate

by Forex Crunch
December 23, 2024
in Forex Analysis
Reading Time: 1 min read

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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