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GBPUSD Technical Analysis - Key support zone for the Bulls

The Fed hiked interest rates by 25 bps as expected and left everything. Fed Chair Powell didn’t offer any hint on the next move and just reaffirmed their data dependency, keeping all the options on the table. The economic data since the FOMC meeting has been supporting the soft-landing narrative as the labour market data remained strong while inflation data missed expectations. Conversely, the UK CPI missed expectations across the board and triggered a big repricing in interest rates expectation... Read More

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Content Topics

Gbpusd

Technical

Analysis

Support

Zone

Bulls

Forex

Posted: Aug 2 2023, 07:44

Author Name: forexlive

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