The Pound Sterling (GBP) posts a fresh two-week low at 1.2845 against the US Dollar (USD) in Friday’s London session.
The Pound Sterling prints a fresh two-week low at 1.2845 against the US Dollar on Friday as investors turn cautious ahead of the US core PCE Price index. The BoE is expected to cut interest rates next week. Robust US Q2 GDP growth has improved the economic outlook. The Pound Sterling posts a fresh two-week low at 1.2845 against the US Dollar in Friday’s London session.
Meanwhile, the UK’s economic prospects remain firm due to expanding activities in manufacturing as well as the service sector and political stability after Prime Minister Keir Starmer’s outright victory in parliamentary elections. Technical Analysis: Pound Sterling stabilizes below 1.2900 The Pound Sterling remains on the back foot against the US Dollar after sliding below the crucial support of 1.2900.
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