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GBPUSD Technical Analysis - Policy Divergence

The Fed has eventually paused its tightening cycle at 5.00-5.25% because it wants to see more economic data before deciding on another hike as they are trying to find the right level of restraint to bring inflation down without too much economic pain. The BoE, on the other hand, is on track to keep raising interest rates given the recent hot inflation and employment reports. Given the Fed’s pause and the weaker data, this created a policy divergence between the Fed and the BoE, ultimately favour... Read More

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Content Topics

Gbpusd

Technical

Analysis

Policy

Divergence

Forex

Posted: Jun 20 2023, 06:43

Author Name: forexlive

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