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GBP/USD: British Pound Remains Under Pressure as Dollar Gains Traction

GBP/USD: British Pound Remains Under Pressure as Dollar Gains Traction
Cable remains at the back foot on Monday, but with limited extension of Friday’s nearly 0.9% drop so far, though dollar keeps positive tone on growing expectations of another Fed rate hike in May. Much better than expected release of US Empire State Manufacturing Index (Apr 10.8 vs -18.00 f/c) added support to the greenback. […] The post GBP/USD: British Pound Remains Under Pressure as Dollar Gains Traction appeared first on Action Forex... Read More
Posted: Apr 17 2023, 15:47
Author Name: actionforex
Views: 111862

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