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3 196
The reason why GBP is dropping today is that UK GDP has dropped into Negative Territory and UK 2 year gild has dropped from 5.60% to 4.36%. Bond market is sharply pricing in for more than 100 basis point rates cut in 2024 from BOE. Check the charts
3 196
If you look at these two images you will understand that which currency was strong against the USD and weaker now against the USD
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Its the NZDUSD which is cating up the others USD pairs. https://www.tradingview.com/x/KfdIr2ur/
