GBP/USD slips below 1.33 as US and UK manufacturing activity slumps
GBP/USD is pressured as risk sentiment wavers and the Fed is seen cutting later than the BoE. UK manufacturing contracts for seventh month; traders price in 100 bps BoE easing. US ISM PMI is weak, but tariff-driven price growth boosts the US Dollar on the risk of stagflation. The Pound Sterling (GBP) edges lower against … Read more