Thursday , 6 February 2025
Home Forex Pound Sterling Price News and Forecast: GBP/USD slides as decline in UK GDP stems economic concerns
Forex

Pound Sterling Price News and Forecast: GBP/USD slides as decline in UK GDP stems economic concerns

The Pound Sterling (GBP) falls sharply against its major peers on Friday after the United Kingdom (UK) Office for National Statistics (ONS) reported that monthly Gross Domestic Product (GDP) and factory data surprisingly contracted in October.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

BOE cuts bank rate by 25 bps to 4.50%, as expected

Prior 4.75%Bank rate vote 9-0 vs 8-1 expectedDomestic inflationary pressures are moderating,...

Sterling heavy ahead of BOE decision

Cable is down 0.7% on the day to 1.2419 with the pound...

Trump says Gaza Strip would be turned over to the US when the dust settles

Trump is out tweeting as per below:From yesterday: Trump says US 'will...

Russell 2000 Technical Analysis – The market fades the trade war fears

Fundamental OverviewThis week has been all about tariffs. On Monday we opened...