GBP/USD plunges to 18-month-old fresh lows around 1.2820s on weaker UK data and dismal mood
The British pound plummets and breaks below 1.3000 and 1.2900 and reaches a fresh eighteen-month low around 1.2828, amidst a dismal market mood and continuing central bank speaking at an IMF event in Washington. At 1.2831, the GBP/USD weakened the most since November 2020. Global equities are suffering a blood bath in the day. Global bond yields are rising, while the greenback remains buoyant and reaching a fresh YTD high around 101.33, up some 0.61%, as central bankers and finance ministers speak at an IMF panel. The GBP/USD fell on market sentiment and worse than expected UK economic data. The Gfk consumer
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