British Pound / U.S. DollarUpdated GBPUSD analysis today
Hello friends! GBP/USD is trying to recover from the previous day's losses, hovering around 1.2410. This currency pair is under downward pressure following better-than-expected economic data from the United States (US). However, the CME FedWatch Tool has reduced to 35% the likelihood that the US Federal Reserve (Fed) will implement a 25 basis point (bps) interest rate hike in November, which puts further pressure on GBP/USD.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.