GBP/USD: What is Behind the Six-Month Lows?
GBP/USD continues to slide, hitting six-month lows around 1.2550 as of Friday morning. This drop marks the third consecutive session of losses for the pair. Analysts attribute this decline to the strengthening US dollar amidst ongoing assessments of the Federal Reserve’s monetary policy adjustments. Following an unexpected drop in US Initial Jobless Claims, market participants are holding their breath, watching for additional fluctuations in the exchange rate. The current situation raises questions about upcoming PMI figures and their potential impact on GBP/USD dynamics.
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