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GBPUSD Technical Analysis - Signs of an imminent pullback

The US economic data keeps on showing a resilient economy and as a consequence the higher for longer stance becomes more and more certain which is making Treasury yields to rally. This has been supporting the USD as we’ve been seeing a divergence in the data with the other major economies. The recent Retail Sales data showed also that consumer spending remains strong and it might either lead to more inflation or keep inflation high for longer. On the other hand, the BoE hiked by 25 bps as expect... Read More

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Content Topics

Gbpusd

Technical

Analysis

Signs

Imminent

Pullback

Forex

Posted: Aug 17 2023, 10:50

Author Name: forexlive

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