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Sterling continues to keep more resilient on the week

Sterling continues to keep more resilient on the week

That's quite a quick turnaround from the lows of the day around 1.2027 after the dollar was slightly bid after the hotter French and Spanish inflation numbers earlier. If you're wondering why that was the case i.e. why the dollar benefited, it was more so tied to a drop in equities, which has since eased up, and move higher in bond yields. In the case of GBP/USD, the pair also caught a bounce off its 200-hour moving average:

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Posted: Feb 28 2023, 09:12
Author Name: forexlive
Views: 110656

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