The post GBP/USD slides amid US inflation concerns, mixed UK economic outlook appeared on BitcoinEthereumNews.com.

The GBP/USD tumbles during the mid-North American session after economic data from the United States (US) suggested the battle against inflation is not done while the economy continues to decelerate, as sought by the US Federal Reserve (Fed). At the time of writing, the pair is trading at 1.2456, losing 0.63%. Read More… GBP/USD breaks a three-day winning streak after dropping from the 11-week high at 1.2559 due to the rise in the US dollar (USD). The GBP/USD pair trades lower around 1.2520 on Wednesday during the European session. Read More…   The GBP/USD pair snaps the three-day winning streak during the early European session on Wednesday. The downtick of the major pair is backed by renewed US dollar demand. At the press time, GBP/USD is losing 0.09% on the day to trade at 1.2525. Read More…   Source: https://www.fxstreet.com/news/pound-sterling-price-news-and-forecast-gbp-usd-slides-amid-us-inflation-concerns-mixed-uk-economic-outlook-202311221724

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Filed under: News - @ November 23, 2023 2:24 am