GBPUSD dipped below 1.2500 handle and hit new lowest in 6 ½ months on Friday, after disappointing UK October retail sales and November PMI numbers further weakened sterling, adding to worsened geopolitical picture on threats of stronger escalation of war in Ukraine. Strengthening dollar on euphoria of Trump trades, as well as increased safe-haven demand […]
The post GBP/USD Outlook: Cable Falls to New Multi-Month Low After Disappointing UK Economic Data appeared first on Action Forex.
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