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Pound Sterling Price News and Forecast: GBP/USD cracks as US growth burst boosts USD

Pound Sterling Price News and Forecast: GBP/USD cracks as US growth burst boosts USD
FXStreet TeamFXStreet TeamFXStreet

British Pound cracks as US growth burst boosts USD

The Pound Sterling (GBP) tanks over 0.70% against the Greenback on Wednesday as US economic data showed business activity is picking up, while fears of a US diesel export ban pushed crude prices higher. The GBP/USD pair trades at 1.3253, its lowest level since July 1. Read More...

British Pound tests 12-week lows amid mixed UK PMIs and US Dollar strength

The British Pound (GBP) accelerates its decline against the US Dollar (USD) on Wednesday, with the GBP/USD pair trading a few pips above 1.3272, its lowest price since July 2. The Greenback maintains its firm tone across the board amid Federal Reserve’s (Fed) tightening hopes and optimism about a fresh attempt to reach a peace deal with Iran while, in the UK, mixed business activity figures have failed to lift the Pound. Read More...

British Pound weakens to near 1.3300 as UK fiscal deficit exceeds market expectations

The GBP/USD pair attracts some sellers to around 1.3310 during the early European trading hours on Wednesday. The British Pound (GBP) weakens against the US dollar (USD) as the UK’s fiscal outlook has worsened, piling pressure on UK Chancellor John Healey ahead of the first budget. Read More...

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Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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