Pound Sterling Weakens as UK PMI Grew Modestly

Bearish pressure builds up as key support fails

GBP/USD trades in negative territory below 1.3500 after posting losses on Thursday. The technical outlook highlights a buildup of bearish momentum in the short term. Retail Sales in the UK rose at a softer pace than expected in June. GBP/USD came under bearish pressure on Thursday and lost more than 0.5%, snapping a three-day winning streak in the process. The pair extends its slide on Friday and trades below 1.3500. British Pound PRICE Today T…

Pound Sterling weakens as UK PMI grew modestly | The New York Ledger

The Pound Sterling deals with offering pressure versus its peers due to moderate development in initial UK PMI information for July. Hopes of US-EU trade offer have actually enhanced need for risk-perceived properties. The Fed is anticipated to leave rates of interest constant next week. The Pound Sterling (GBP) decreases versus its significant peers on Thursday as the initial UK (UK) S&P Acquiring Supervisors’ Index (PMI) report for July has ac…

GBP to USD Forecast: Sterling Pressured by Weak UK PMI, Upbeat US Labour Figures

The Pound US Dollar exchange rate lost ground on Thursday following the release of the UK’s latest PMI data and the US’s initial jobless claims and PMIs. At the...

GBP is having a lower performance due to the disappointment of the PMI - Scotiabank - World Stock Market

The sterling pound (GBP) is weak, falling 0.3% against the US dollar (USD) and with a lower performance than the majority of the G10 currencies, with the exception of the CHF, they report the Chief of Currencies of Scotiabank, Shaun Osborne and Eric Theoret. The markets focus on the BOE “The preliminary PMI disappointing are weighing on the pound, specifically the weakest PMI (51.2 compared to 52.9 expected and 52.8 above), since the publication…

Pound Sterling weakens as UK PMI grew modestly

The Pound Sterling (GBP) declines against its major peers on Thursday as the preliminary United Kingdom (UK) S&P Purchasing Managers’ Index (PMI) report for July has shown that the overall business activity grew at a slower-than-projected pace.