Improved risk conditions and decreased demand for safe assets like gold have buoyed the Pound. This week s focus will shift to PMI data, assessing economic outlooks globally, with key indices from the UK, EZ, and US poised to influence central bank.
GBP/USD dips to fresh 5-month lows below 1.24 following an Israeli missile strike on Iran, with Federal Reserve policies limiting Pound recovery potential.
Morning Preview: Shift in rate expectations has halted, supporting GBP/USD as markets adjust views on near-term Fed and BoE cuts amid new inflation data.