GBP/USD hits fresh yearly lows under 1.2100 as weak UK data weighs on BoE tightening bets
GBP/USD remained under pressure on Tuesday, hitting fresh annual lows under 1.2100 though recently bouncing a little post-soft US PPI data. The pair has dropped hard this week with soft UK data weighing on BoE tightening bets as Fed tightening bets rise. The Fed and BoE’s policy announcements on Wednesday and Thursday are this week’s … Read more