GBP/USD Price Breaks 1.22 as Downbeat UK GDP Weighs on Sterling

May 12, 2022
Posted by: AliensFaith
Category: OBJECTIVE PRESS

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Data from the UK confirms policymakers’ economic fears, pushing the GBP/USD lower. The UK GDP for Q1 2022 fell to 0.8% vs 1.0% forecast, with the monthly indicator turning negative. The strength of the US dollar on the risk aversion wave is also exerting downward pressure. After disappointing UK data early Thursday morning in Europe, …

The post GBP/USD Price Breaks 1.22 as Downbeat UK GDP Weighs on Sterling appeared first on Forex Crunch.

Author: AliensFaith

HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.

GBP/USD Price Breaks 1.22 as Downbeat UK GDP Weighs on Sterling

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