GBP/USD sinks below the 20-day SMA ahead of US NFPs – Crypto News – Crypto News
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GBP/USD sinks below the 20-day SMA ahead of US NFPs – Crypto News

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On Thursday, the GBP/USD lost ground as the USD traded strongly against most of its rivals after the release of July’s Core Personal Consumption Expenditures (PCE) figures. The GBP’s losses are limited by tightening expectations on the Bank of England remaining high. Read More…
The Pound Sterling (GBP) demonstrates a corrective move as investors seek fresh cues about the interest rate peak from the Bank of England (BoE) for further guidance. The GBP/USD pair eases some gains inspired by bullish market sentiment and expectations that the 15th consecutive interest rate hike by the BoE will neutralize its policy divergence with the US Federal Reserve (Fed). Read More…

 

Further upside could prompt GBP/USD to revisit the 1.2800 region in the next few weeks, suggest UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang. Read More…

 

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