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The GBP/USD pair climbed for seven consecutive days, reaching 1.3210, before experiencing a slight dip on Thursday. This marks the longest sustained rise for the currency pair since July last year, with the pound’s strength primarily driven by a weakening US dollar. Key factors influencing GBP/USD movements Fundamentally, the outlook remains mixed. The UK’s Consumer Price Index (CPI) fell more […]

The post Pound Among the Winners Boosted by US Dollar Weakness and Rate Cut Prospects appeared first on Action Forex.

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09/12/2024

Japanese GDP Revised Upwards, US NFPs Jump

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