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GBP/USD Outlook: UK PMI Highlights Rising Price Pressures

by Forex Crunch
December 17, 2024
in Forex Analysis
Reading Time: 1 min read

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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