Hi trader, Maria would like to share opinion: GBP/USD/b]
The British currency, Pound Sterling (GBP), experienced a decline from its recent peak of two weeks as the economic prospects of the United Kingdom weakened. This decline was triggered by a contraction in factory output for the second month in a row. As a result, the GBP/USD pair relinquished most of its recent gains. In contrast, data from the United States revealed persistent inflation, which dampened the risk appetite of market participants. The manufacturing and overall industrial production in the UK also suffered a decrease in August due to reduced spending on labor and inventory caused by a bleak demand outlook.
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