The GBP/USD pair fell sharply to 1.3048 on Thursday, pressured by a combination of soft domestic inflation data and a broadly stronger US dollar. The pound’s decline was triggered by the latest UK Consumer Price Index (CPI) report, which showed inflation slowed to 3.6% year-on-year in October, matching forecasts. This bolstered market expectations that the […]
The post GBP/USD Weakens Rapidly Amid Dovish Data and External Pressures appeared first on Action Forex.
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