{"id":126823,"date":"2023-07-24T19:54:01","date_gmt":"2023-07-24T19:54:01","guid":{"rendered":"https:\/\/dripp.zone\/news\/gbp-usd-suffers-seven-day-slide-amid-weak-uk-pmis-crypto-news\/"},"modified":"2023-07-24T19:54:03","modified_gmt":"2023-07-24T19:54:03","slug":"gbp-usd-suffers-seven-day-slide-amid-weak-uk-pmis-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/gbp-usd-suffers-seven-day-slide-amid-weak-uk-pmis-crypto-news\/","title":{"rendered":"GBP\/USD suffers seven-day slide amid weak UK PMIs\n – Crypto News"},"content":{"rendered":"

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GBP\/USD extends its downtrend to seven consecutive days amid mixed economic data from the United States (US), while further deterioration in the United Kingdom (UK) economy paints a gloomy scenario as the Bank of England<\/a> (BoE) struggles to curb high inflation. At the time of writing, the GBP\/USD is trading at 1.2831 after reaching a high of 1.2883, down 0.16%. Read More…<\/a><\/div>\n
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The pound sterling<\/a> (GBP) surrenders its entire gains posted on Friday as the United Kingdom’s preliminary S&P Global PMI data for July came in below expectations. The GBP\/USD pair drops as contracting factory activity and a bleak service sector builds pressure on the Pound Sterling. Britain’s economic prospects are facing the wrath of elevated inflation and higher interest rates by the Bank of England<\/a> (BoE). Read More…<\/a><\/div>\n<\/p>\n
Further losses appear in store for GBP\/USD<\/a> in the short-term horizon, suggest economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group. Read More…<\/a><\/div>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Share: GBP\/USD extends its downtrend to seven consecutive days amid mixed economic data from the United States (US), while further deterioration in the United Kingdom (UK) economy paints a gloomy scenario as the Bank of England (BoE) struggles to curb high inflation. At the time of writing, the GBP\/USD is trading at 1.2831 after reaching […]<\/p>\n","protected":false},"author":2,"featured_media":7697,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,641,255,250,252,1063,247,253,249,308,256,254],"class_list":["post-126823","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gbpusd","tag-gta","tag-looks-rare","tag-oracle","tag-pmi","tag-polygon","tag-quickswap","tag-safe-moon","tag-technical-analysis","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/126823","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=126823"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/126823\/revisions"}],"predecessor-version":[{"id":126824,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/126823\/revisions\/126824"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/7697"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=126823"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=126823"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=126823"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}