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GBP/USD: Cable Falls to Multi-Decade Lows as Downbeat UK Data Add to Negative Outlook

Started by PocketOption, Sep 17, 2022, 04:34 am

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PocketOption

Sep 17, 2022, 04:34 am
GBP/USD: Cable Falls to Multi-Decade Lows as Downbeat UK Data Add to Negative Outlook

Sterling falls further on Friday and breaks below 1.14 mark vs dollar, trading at the lowest levels since 1985 during the European session. In addition to persisting pressure from strong dollar on expectations for another massive Fed rate hike, pound was driven lower on Friday by much weaker than expected UK retail sales, which dropped […]


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