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GBP/USD Price Analysis: Sellers Dominate as UK GDP Shrinks

by Forex Crunch
December 13, 2024
in Forex Analysis
Reading Time: 1 min read

The UK economy contracted by 0.1% in October. US wholesale inflation increased by 0.4%, above estimates of 0.2%. The dollar is getting support from the wave of rate cuts in other major economies. The GBP/USD price analysis suggests a strong bearish bias after data revealed that the UK economy unexpectedly contracted in October. Meanwhile, the…
The post GBP/USD Price Analysis: Sellers Dominate as UK GDP Shrinks appeared first on Forex Crunch.
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