British Pound (GBP/USD) Forecast: Nord Stream Shutdown Adds Fuel to Energy Crisis
GBP headwinds intensify as a major Russian pipeline stops gas flows to Europe leaving the pound vulnerable to further downside.
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GBP headwinds intensify as a major Russian pipeline stops gas flows to Europe leaving the pound vulnerable to further downside.
GBP/USD extends its downward trajectory post-FOMC, driven by U.S. dollar strength as we look forward to several U.S. events on the economic calendar later today.
Pound watchers brace themselves ahead of UK GDP tomorrow after GBP/USD rallied on the back of dollar weakness.
GBP currency pairs have marginally recovered after last weeks slump while several key economic data prints lie ahead.
GBP/USD remains under pressure heading into what is a moderately uneventful week from a UK standpoint with UK GDP under the microscope.