UK Economy

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GBP/USD Stays Close to 11-Week Low Amid Dollar Strength

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GBP/USD is trading around $1.3240, hovering just above an 11-week low after sliding to its weakest level since March, as a convergence of political, fiscal, and monetary pressures keeps the pound near the bottom of its range. The pair is slightly altered during the session, yet remains firmly on the defensive, influenced by the political … Read more

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GBP/USD Faces Volatility as Markets Eye UK Inflation Data

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GBP/USD is currently at $1.3375 during the New York session on Monday, following a positive rebound from the early European low of $1.3300 — marking the lowest level for the pair in over five weeks. The movement toward $1.3380 indicates an approximate 80-pip increase from the day’s lowest point, largely influenced by a report stating … Read more