Pound Sterling Price News and Forecast: GBP/USD reclaims 1.2350 [Video]
|GBP/USD reclaims 1.2350 and snaps three days of losses, ahead of US Retail Sales, CPI
The British pound recovered some ground despite a risk-off environment in the financial markets, while the DXY reached a 20-year high around 104.187 as market players flew towards safe-haven peers. At the time of writing, the GBP/USD is trading at 1.2373.
GBP falling on government woes, USD stronger on good NFP numbers – EUR/USD going to parity?
GBP is again being affected by the market’s confidence in the UK government and the latest elections have not helped. For the first time in history, a separatist government has won the election in Northern Ireland and many Conservative councils have fallen to the Labour Party.
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