GBP/USD hits yearly high above 1.3350 amid soft US-UK data

The Pound Sterling soars to new 2024 record high of 1.3355 versus the Greenback on Monday, rising over 0.20% as S&P Global Flash PMIs in the UK and the US show that both economies are slowing. Meanwhile, dovish comments by Chicago’s Fed President Austan Goolsbee weighed on the buck. The GBP/USD trades at 1.3350. Read More…

The Pound Sterling (GBP) recovers intraday losses in Monday’s NorthArm as investors digest weaker-than-expected preliminary United Kingdom (UK) S&P Global Purchasing Managers’ Index (PMI) data for September. Read More…

The GBP/USD pair edges lower to 1.3310, snapping the three-day winning streak during the early Asian session on Monday. The modest recovery of the US Dollar (USD) weighs on the major pair. Investors will focus on the flash reading of the UK and US Purchasing Managers Index (PMI) data, which are due later on Monday. Read More…