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May 22, 2025

Get Ready for Volatility: GBP/USD Exchange Rate Faces Pressure Ahead of PMIs

As we approach the second half of the week, the GBP/USD exchange rate braces for potential turbulence. The upcoming publication of the UKโ€™s latest Purchasing Managers’ Index (PMI) figures will likely play a crucial role. Analysts anticipate that these figures will reflect ongoing contractions in the UKโ€™s private sector, even as the services sector shows signs of rebounding. Investors should remain attentive to these developments as they may influence the Pound’s standing against the US Dollar.

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