Daily Market View 10-10-2025
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Pound slumps to weakest since July against USD
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The Pound is having a dreadful end to the week after being out of the spotlight for much of proceedings. GBPUSD fell through the $1.33 floor yesterday to its weakest level since July, despite a relatively dry climate in terms of releases.
The Pound is struggling to even be mentioned as the ongoing US government shutdown and French government recovery hoggs the limelight. With no major releases out of the UK until CPI figures next week, this general "left behind" weakness is likely to linger until we get some stronger UK data, or foreign data weakens.
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