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GBP/USD Price Analysis: Hits 6-Month Low as UK Sales Slump

by Forex Crunch
November 22, 2024
in Forex Analysis
Reading Time: 1 min read

UK retail sales fell by 0.7% in October, compared to estimates of a 0.3% drop. The UK economy only expanded by 0.1% in the third quarter. US initial jobless claims unexpectedly fell last week from 219,000 to 213,000. The GBP/USD price analysis shows weaker consumer spending in the UK, which has pushed the pound to…
The post GBP/USD Price Analysis: Hits 6-Month Low as UK Sales Slump appeared first on Forex Crunch.
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