British Pound (GBP) Update: Sterling Damaged by Feeble UK PMIs

Canada News News

British Pound (GBP) Update: Sterling Damaged by Feeble UK PMIs
Canada Latest News,Canada Headlines
  • 📰 DailyFX
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Sterling briefly hit a multi-month low against the US dollar earlier after the latest PMI release showed that the UK economy is suffering

Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. Forex trading involves risk. Losses can exceed deposits.

We recommend that you seek independent advice and ensure you fully understand the risks involved before trading.a registered Introducing Broker with the Commodity Futures Trading Commission and is no longer a Member of the National Futures Association in the U.S. Any and all information provided by FXP is not intended for use by U.S. residents or individuals domiciled in the U.S.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

DailyFX /  🏆 305. in US

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Pound’s Resilience Masks Broader Fatigue: GBP/USD, EUR/GBP, GBP/JPY SetupsGBP has failed to extend gains following strong UK inflation data -- a sign that some broader fatigue may have started to take effect. What is the outlook for GBP/USD, EUR/GBP and GBP/JPY?
Read more »

Pound Sterling Price News and Forecast: GBP/USD gains momentum around 1.2770Pound Sterling Price News and Forecast: GBP/USD gains momentum around 1.2770The GBP/USD pair gains momentum around 1.2770 heading into the European session on Tuesday. The pair trades in positive territory for the second day i
Read more »

Pound Sterling Price News and Forecast: GBP extends recovery on improved sentiment, S&P PMI in focusPound Sterling Price News and Forecast: GBP extends recovery on improved sentiment, S&P PMI in focusGBP/USD continued to edge higher and touched its highest level in nearly two weeks at 1.2800 early Tuesday after registering modest gains on Monday. T
Read more »

Pound Sterling Price News and Forecast: GBP/USD stalls the overnight pullbackPound Sterling Price News and Forecast: GBP/USD stalls the overnight pullbackThe GBP/USD pair struggles to gain any meaningful traction and oscillates in a narrow trading band, below mid-1.2700s through the Asian session on Wed
Read more »

Pound Sterling Price News and Forecast: GBP/USD – Slumps as weak UK PMI data warnPound Sterling Price News and Forecast: GBP/USD – Slumps as weak UK PMI data warnGBP/USD turned south and dropped to a new weekly low below 1.2700 after spending the Asian session in a tight channel at around 1.2750. Unless the pai
Read more »

GBP Price Forecast: Potential for More Pound StrengthGBP Price Forecast: Potential for More Pound StrengthGBP/USD & EUR/GBP crosses could be setting up for additional pound vigor ahead of the Jackson Hole Economic Symposium.
Read more »



Render Time: 2025-02-28 02:32:25