GBP/USD RISES TO NEAR 1.3050 AS US DOLLAR REMAINS TEPID AHEAD OF PPI DATA

GBP/USD RISES TO NEAR 1.3050 AS US DOLLAR REMAINS TEPID AHEAD OF PPI DATA
GBP/USD RISES TO NEAR 1.3050 AS US DOLLAR REMAINS TEPID AHEAD OF PPI DATA

GBP/USD RISES TO NEAR 1.3050 AS US DOLLAR REMAINS TEPID AHEAD OF PPI DATA

The GBP/USD pair is on track for its fourth consecutive daily gain, trading near 1.3030 during Friday's Asian session. ​

The US Dollar Index (DXY), which tracks the greenback against a basket of six major currencies, has slipped to around 100.20.

The US Dollar continues to lose ground amid persistent concerns over both global and domestic economic conditions, contributing to its tepid performance. ​

Read more