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GBPUSD Technical Analysis - Pullback or Top?

The Fed decided to pause its tightening cycle at 5.00-5.25% as it wants to see more data before delivering another hike. The Fed is trying to reach an optimal level of monetary restraint that would bring inflation back to target without too much damage to the economy. They keep repeating that they are data-dependent and if the economy remains strong, they will have to do more. The BoE, on the other hand, surprised with a bigger than expected 50 bps hike after the hot inflation report the day bef... Read More

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Content Topics

Gbpusd

Technical

Analysis

Pullback

Top

Forex

Posted: Jun 23 2023, 08:24

Author Name: forexlive

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