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GBP/USD Price Analysis: Stays firm below 1.2700, bearishly biased The Pound Sterling stayed firm against the Greenback on Tuesday, even though the latter remained positive, and a worse-than-expected Consumer Confidence report capped the US Dollar advance. Therefore, the GBP/USD trades at 1.2678, virtually unchanged. Read More… Pound Sterling rises amid uncertainty over BoE rate-cut timing The Pound Sterling (GBP) performs relatively stronger against its peers in Tuesday’s New York session. The British currency remains upbeat amid uncertainty about when the Bank of England (BoE) will start cutting interest rates. Read More… GBP/USD Price Analysis: Rises to 1.2700 nearing 14-day EMA GBP/USD extends gains for the second successive session, trading around 1.2700 during Asian hours on Tuesday. Analysis of the daily chart shows a broadening bottom pattern in price action, representing increasing volatility. This chart pattern suggests a potential correction before moving lower. Read More…   Source: https://www.fxstreet.com/news/pound-sterling-price-news-and-forecast-gbp-usd-stays-firm-below-12700-bearishly-biased-202406251609

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Filed under: News - @ June 25, 2024 11:18 pm