Pound Sterling Price News and Forecast: GBP/USD tumbles below 1.2200 after US PPI data

Pound Sterling Price News and Forecast: GBP/USD tumbles below 1.2200 after US PPI data



The GBP/USD plunged below 1.2200 during the North American session following the release of US producer price inflation data, which hinted that prices dipped slightly but close to Wall Street’s estimates.



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