GBP/USD Outlook: Dollar Struggles Near Lows After Dismal PMI
Data revealed further contraction in the US manufacturing sector. Traders are pricing in a 59.1% chance of a Fed cut in September. Surveys showed a decline in British sales in May. The GBP/USD outlook shows solid bullish momentum as the dollar trades near multi-month lows amid more signs of economic weakness. However, the pound pulled... The post GBP/USD Outlook: Dollar Struggles Near Lows After Dismal PMI appeared first on Forex Crunch.
Data revealed further contraction in the US manufacturing sector. Traders are pricing in a 59.1% chance of a Fed cut in September. Surveys showed a decline in British sales in May. The GBP/USD outlook shows solid bullish momentum as the dollar trades near multi-month lows amid more signs of economic weakness. However, the pound pulled...
The post GBP/USD Outlook: Dollar Struggles Near Lows After Dismal PMI appeared first on Forex Crunch.
