GBPUSD Forecast: A Decline Expected Amid GDP Contraction
The recent release of UK GDP data revealed a slowdown in economic growth that caught analysts off guard. Following the uptick in US CPI and PPI data, the US Dollar index has stabilized above the 107 mark. If the 108 resistance level is breached, currencies may face significant challenges, pressuring central banks to act decisively to support their economies. Investors should keep relationships between these indices in check as they navigate their strategies amid growing economic pressures.
Newsletter
Get Every Weekly Update & Insights
[mc4wp_form id=]