US EditionPound Sterling recovers against US Dollar as Greenback falls back
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GBP/USD Analysis: Is The Rally Losing Steam? - FinanceFeeds
In the second half of May, the British pound demonstrated significant strength. From a low on 12th May, GBP/USD surged to a multi-year high on 26th May — its highest level in over three years. What’s Driving Demand for the Pound? Several factors have contributed to the recent bullish momentum: Stronger-than-expected inflation: CPI data released last Wednesday exceeded forecasts, reinforcing expectations that the Bank of England may delay intere…
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