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GBP/USD Overview. May 19. An Unexpected Setback for the Pound from Inflation
The GBP/USD currency pair plummeted nearly
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The GBP/USD currency pair plummeted nearly 300 points last week, but managed to recover slightly on Monday. While this recovery appears negligible, the positions and prospects for the British currency are objectively worse than for the euro. We previously mentioned that the UK's political crisis is a rather dubious reason for the pound's decline. However, it may have amplified the "geopolitical factor," which triggered another strengthening of the US dollar. The British pound depreciated twice as much as the euro
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Paolo Greco,
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