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Back Fundamental analysis
GBP/USD. Labour's defeat, Geopolitical Risks, and Dovish Signals from the Bank of England
The pound, paired with the dollar,
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The pound, paired with the dollar, hit a nearly three-month low at 1.3313, its lowest level since December 10 of last year. The downward dynamics of GBP/USD are primarily due to the strengthening greenback, which is in demand as a safe asset amid rising risk-averse sentiment. Recent events in the Middle East overshadowed all other fundamental factors, enabling the safe dollar to solidify its positions across the market. The GBP/USD pair was no exception, especially since recent developments in the
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Irina Manzenko,
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Irina Manzenko
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