1.3: GBP/USD remains low at 1.29600 due to global uncertainty; upcoming events may heighten volatility, and analysts predict further Pound weakening.
The GBP/USD exchange rate remains low at around 1.29600, reflecting global market uncertainty and nervous sentiment. A bearish trend has persisted since late September. Upcoming events, including U.S. economic data, the Federal Reserve's FOMC meeting, and the Bank of England's potential interest rate cut, may heighten volatility. Analysts predict further weakening of the Pound, with estimates suggesting a dip to 1.25 in the coming months, influenced by political outcomes and fiscal policies.
October 27, 2024
20 Articles