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What is GBP/USD Exchange Rate Analysis 2021 about?

The British pound sterling (GBP) is the 4th most traded currency and the 3rd most used reserve currency in the UK. The UK economy, represented by the GBP, is the 6th largest GDP and 8th largest by purchasing power. While the UK economy grew 1.1% in Q3 2021, below the forecasted 1.3%, it remains below pre-pandemic levels in Q4 2019. Currently, the GBP/USD pair is trading around $1.3285. In the short-term, the USD is expected to strengthen, limiting upside for pairs like GBP/USD. However, in the long-run inve

Author

Asir Awsaf Ali

Language

EN