GBP/USD crashes as UK GDP disappoints, trade war escalation boost USD

The GBP/USD tumbles over 0.59% on worse than expected Gross Domestic Product (GDP) figures in the UK, which could warrant further easing by the Bank of England (BoE). This and an escalation of the trade war boosted the Greenback. At the time of writing, the pair trades at 1.3504 after reaching a high of 1.3584. Read More…

Pound Sterling declines as shrinking UK GDP boosts BoE dovish bets

The Pound Sterling (GBP) faces selling pressure against its peers on Friday after the release of weak United Kingdom (UK) Gross Domestic Product (GDP) and factory data for May. The Office for National Statistics (ONS) reported that the UK economy declined by 0.1% on month, against expectations of a 0.1% expansion. Read More…

GBP/USD falls to near 1.3550 amid rising economic concerns, UK GDP eyed

GBP/USD continues its losing streak for the sixth consecutive day, trading around 1.3560 during the Asian hours on Friday. The pair depreciates as the US Dollar (USD) extends its gains due to evolving monetary policy signals by the Federal Reserve’s (Fed) officials. Traders are likely watching May’s Gross Domestic Product (GDP) data from United Kingdom (UK) due later in the day. Read More…