Gbpusd

The UK GDP data declined twice quarterly, causing the pound sterling to collapse. However, some analysts saw it as a buying opportunity.

The UK economy is likely to remain stagnant in the upcoming quarter, although not necessarily experiencing a recession. This situation is putting pressure on the Sterling in GBP/USD and EUR/GBP.

The delay of some employment reports today triggered a crisis of confidence in the accuracy of UK economic data. GBP/USD weakened as a result.

GBP/USD is burdened by the uncertainty of the UK's economic prospects and interest rates, even though a recession may not occur.

GBP/USD buried at its lowest level since March, while EUR/GBP soared to its highest level since July.

The UK inflation data misses consensus estimates, causing market participants to have increased doubts about interest rate prospects and the pound sterling.

The UK GDP showing disappointing results. This indicate that the UK economy is plummeting and causing GBP/USD to fall.

Andrew Bailey delivered a dovish-toned testimony to the British Parliament, thus putting pressure on the pound sterling in GBP/USD and other currency pairs

GBP/USD continues to be burdened by the economic controversy in the UK. Now, the UK business services are undergoing a recession.

UK retail sales data appeared weak, causing a GBP/USD momentum slowdown. However, this currency is still supported by some other data.