GBP/USD declines as strong US manufacturing activity and pricing pressures fuel speculation of a persistent Fed policy.
The resilience of the US economy, evidenced by ISM data, contrasts with quiet European markets due to holiday closures.
Upcoming UK PMI data releases could weigh the GBP/USD as market participants expect further deterioration.
The Pound Sterling slumps in the mid-North American session, as robust US economic data could dent the Federal Reserve’s intentions to cut rates. That underpinned the Greenback while US Treasury yields skyrocketed, a headwind for Cable. The GBP/USD trades at 1.2587, down 0.57%.
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