The British pound falls for a second day in a row as a spike in oil prices revives inflation fears
The pound sterling is down 0.22% against the US dollar during the North American session as geopolitical tensions remain high, sending oil prices surging and raising fears of a renewed acceleration in inflation. GBP/USD is trading at 1.3449, having peaked near 1.3480. Read more…
GBP/USD Price Forecast: The British Pound deepens weakness in the UK leadership transition
On Friday, the British Pound (GBP) continued its decline against the US Dollar (USD) for the second day in a row, falling 0.4% to close to 1.3427 during Friday’s European trading session. The GBP/USD pair is facing selling pressure as the British currency weakens amid the United Kingdom (UK) leadership transition. Read more…
The British pound is weakening as the US dollar rises as risk aversion increases
GBP/USD extends its losses for the second day in a row, reaching a level of around 1.3460 during Asian hours on Friday. The currency pair is underperforming as the U.S. dollar (USD) draws support from a sheltered haven amid escalating geopolitical conflicts in the Middle East, just ahead of July’s preliminary Michigan Consumer Sentiment Index. Read more…
