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GBPJPY Technical Analysis - Breakout or Fakeout?

GBPJPY Technical Analysis - Breakout or Fakeout?
UK:The BoE hiked by 25 bps as expected at the last meeting. The central bank seems to be leaning more on the less hawkish side as a key line in the statement was tweaked to indicate the propensity for a “higher for longer” stance rather than keeping with additional rate hikes. Key economic data like the latest employment report showed a very high wage growth despite the rising unemployment rate, and the UK CPI beat expectations the last month pointing to a stagflation. The UK PMIs recently miss... Read More
Posted: Sep 20 2023, 05:51
Author Name: forexlive
Views: 091134

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