The GBP/USD fell 0.32% during the North American session, after data from the United Kingdom (UK), depicted the economy is at the brisk of recession amid a high inflation period. That and investors awaiting the Federal Reserve’s decision on monetary policy keep the Greenback in the driver’s seat. At the time of writing, the major is trading at 1.2519. Read More…
The Sterling is giving away previous gains on Wednesday, as a string of downbeat UK macroeconomic releases have boosted concerns about the country’s economic outlook. Read More…
The GBP/USD pair drops sharply below the mid-1.2500s during the early European session on Wednesday. The weaker-than-expected UK GDP growth data and Industrial Production weigh on the British Pound (GBP) and create a headwind to the GBP/USD. At press time, GBP/USD is trading at 1.2528, losing 0.34% for the day. Read More…
Source: https://www.fxstreet.com/news/pound-sterling-price-news-and-forecast-gbp-usd-hovers-near-the-days-low-as-traders-brace-for-the-fed-202312131644