GBP/USD HOVERS AROUND 1.2950, FOUR-MONTH HIGHS, AHEAD OF UK GDP AND FACTORY DATA

GBP/USD HOVERS AROUND 1.2950, FOUR-MONTH HIGHS, AHEAD OF UK GDP AND FACTORY DATA
GBP/USD HOVERS AROUND 1.2950, FOUR-MONTH HIGHS, AHEAD OF UK GDP AND FACTORY DATA

GBP/USD is falling for the second day in a row.

Current price is around 1.2940 in Friday’s Asian session.

The British Pound is struggling due to weak market confidence.

Investors are worried about global trade after US President Trump threatened a 200% tariff on European wines.

Traders are waiting for UK GDP and factory data for further direction.

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