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GBP/USD – Slides after GDP data as odds of BoE hold next week slightly improve

UK contracts faster than expected One-off factors largely behind the decline, BoE still expected to hike Major support being tested in cable The UK economy contracted faster than expected in July which is weighing on the pound this morning. GDP fell 0.5%, much faster than the 0.2% contraction that was expected, but as has been […]...
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Posted: Sep 13 2023, 12:05
Author Name: marketpulse
Views: 091297