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GBP/USD Price Analysis: UK Economy Records Surprise Downturn

by Forex Crunch
November 15, 2024
in Forex Analysis
Reading Time: 1 min read

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.
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