GBP/USD gains ground on US Dollar weakness – Crypto News – Crypto News
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GBP/USD recovered after hitting the lowest since March 2020 GBP/USD recovered after hitting the lowest since March 2020

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GBP/USD gains ground on US Dollar weakness – Crypto News

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Cable trades with gains near the 1.2350 area and benefits from the positive market mood fueled by the announcement on Sunday regarding an agreement on the debt ceiling between US President Joe Biden and Republican House Speaker Kevin McCarthy. While neither country will release relevant economic reports the pace of the session will be dictated by the market assessment of the mentioned agreement. Read More…
Despite the broad-based range bound theme in the global markets, GBP/USD manages to gather further upside momentum and revisit the 1.2370 region on Monday. Read More…

In the view of UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang, the negative view around GBP/USD remains intact for the time being. Read More…

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