GBP/USD Price Analysis: Pound Dives as UK GDP Contracts

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<p>UK economic data revealed a 0.3% contraction in October. US consumer prices showed a 3.1% year-on-year increase at the end of November. There was a 7.3% year-on-year increase in British earnings, excluding bonuses. Wednesday witnessed a stronger bearish GBP/USD price analysis, as the British pound took a hit following the revelation of a 0.3% contraction…</p>
<p>The post <a href="https://www.forexcrunch.com/blog/2023/12/13/gbp-usd-price-analysis-pound-dives-as-uk-gdp-contracts/">GBP/USD Price Analysis: Pound Dives as UK GDP Contracts</a> appeared first on <a href="https://www.forexcrunch.com">Forex Crunch</a>.</p>