The UK economy unexpectedly contracted in October. The pound has lost nearly 2% of its value against the dollar this week. Market participants are awaiting the US retail sales report. The GBP/USD price analysis shows an unexpected contraction in the UK economy, which has put the pound in a vulnerable position. On the other hand,…
The post GBP/USD Price Analysis: UK Economy Records Surprise Downturn appeared first on Forex Crunch.
Read Full Story
Latest posts by Forex Crunch (see all)
- USD/JPY Price Analysis: Inflation, Tariffs Complicate BoJ Path - April 25, 2025
- GBP/USD Outlook: Confidence Slips Despite Up UK Retail Sales - April 25, 2025
- EUR/USD Forecast: Eurozone Reports Weak Activity Data - April 24, 2025
