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GBPUSD Technical Analysis - Bullish Bias Intact

Last week the US CPI report missed across the board and led to a strong rally in GBPUSD as the market priced out the more hawkish path for the Fed and now expects the July hike to be the last one. The resilient labour market and the rising consumer sentiment has also increased the chances of getting a soft landing which contributed to the positive risk sentiment. Conversely, the UK employment report recently missed expectations on the jobs side but showed another upside surprise on the wages sid... Read More

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Content Topics

Gbpusd

Technical

Analysis

Bullish

Bias

Intact

Forex

Posted: Jul 18 2023, 09:33

Author Name: forexlive

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