The Pound Sterling fell during Thursday’s North American session, down 0.79% after the Bank of England (BoE) reduced the Bank Rate by 25 basis points. Therefore, the GBP/USD tumbled below 1.2400 and ...
Technical signals cannot guarantee bullish continuation.
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GBP/USD Drops Below 1.2200 as US PPI Data Exceeds ExpectationsGBP/USD currency pair has seen a drastic fall below the 1.2200 mark after the release of the U.S. Producer Price Index (PPI) data. This movement is a reflection of the volatility in the foreign ...
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