GBPUSD has been dragged back below the 1.220 psychological level.
The just-released UK wages data suggests that pay growth is easing, which may allow the Bank of England to hold back from proceeding with another rate hike.
Ongoing concerns over China’s economic growth have sent investors rushing toward the dollar with growing bets around US interest rates staying higher for longer supporting upside gains!
The Pound is the worst-performing G10 currency against the US dollar today, as the UK economy struggles in light of the Bank of England's aggressive rate hikes.
Ongoing concerns over China’s economic growth have sent investors rushing toward the dollar with growing bets around US interest rates staying highe...
The Pound is the worst-performing G10 currency against the US dollar today, as the UK economy struggles in light of the Bank of England's aggressive r...
GBPUSD
PMI
Bank of England
Jackson Hole
Fed Chair Jerome Powell
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