Pound Sterling Gains Ground Against US Dollar After Moody’s Downgrade
The Pound Sterling (GBP) has regained its footing against the US Dollar (USD). This comes as the GBP/USD pair showed significant price movement within a 150-pip range over the week. After a rocky start, the pair found stability as the USD lost steam in the latter part of the week. Sentiment around the US-China trade truce seems to be fading, impacting the USD negatively.