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 UKโs latest Purchasing Managers’ Index (PMI) figures will likely play a crucial role. Analysts anticipate that these figures will reflect ongoing contractions in the UKโs 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.