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GBP/USD starts to get dragged back into the mud again

And that perhaps says something about the directional bias in the pair at the moment. I mean, if something can't go up on good news.. well there's only one other direction it is heading towards then. We saw the rates market already move in to price in another 25 bps rate hike for the BOE after the UK CPI data this week and GBP/USD still fell by 0.4% yesterday.Sure, the prospect of stagflation risks and negative sentiment in equities are also factors weighing on the pair yesterday but the pound b... Read More

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Gbp

Usd

Starts

Dragged

Back

Into

Again

Gbp usd

Forex

Posted: May 25 2023, 08:08

Author Name: forexlive

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