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
- USD/JPY Outlook: Yen Gains as Traders Refocus on Policy - June 9, 2025
- EUR/USD Weekly Forecast: ECB Signals End to Monetary Easing - June 9, 2025
- GBP/USD Weekly Forecast: Metal Tariff Exemptions Boost Pound - June 9, 2025