GBP/USD exchange rate seesaws, facing bearish trend due to weak UK data and strong US dollar.
The GBP/USD exchange rate fluctuated in early 2025, initially rising due to reports of limited tariffs by President-elect Trump but later declining due to weak UK economic data and a strengthening US dollar. Despite some optimism, the overall trend remains bearish, with concerns over UK economic challenges and the US dollar benefiting from strong economic data and monetary policies. Technical indicators suggest a potential for further decline, with resistance and support levels guiding trading strategies.
3 months ago
19 Articles
Articles
Further Reading
You have 8 free stories remaining this month. Subscribe anytime for unlimited access.