GBP/USD retraces the recent gains registered in the previous session, trading lower around 1.2200 during the Asian session on Tuesday. The pair moves
GBP/USD recovers from the recent losses ahead of UK CPI. The monthly inflation could fuel speculation for another interest rate hike by BoE. US Dollar encounters difficulties amid dovish remarks from several Federal Reserve members. in consolidation possibly due to the market indecision about the trajectory of the US Federal Reserve's monetary policy. On Monday, the Rightmove House Price Index increased to 0.5% in October from the previous 0.4%.
The dovish stance reflects a cautious approach by the central bank, highlighting a reluctance to tighten monetary policy in the current economic context. Federal Reserve Bank of Philadelphia President Patrick Harker reinforced this sentiment by suggesting on Monday that the central bank should refrain from creating new economic pressures by increasing the cost of borrowing.
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GBP/USD retraces the recent losses near 1.2150, focus on UK labor data, US Retail SalesGBP/USD retraces the recent losses, trading higher around 1.2150 during the Asian session on Monday. The pair faced challenges possibly due to the shi
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GBP/USD clings to modest intraday gains above mid-1.2100s, lacks bullish convictionThe GBP/USD pair catches fresh bids on the first day of a new week and sticks to its intraday gains through the early part of the European session. Sp
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GBP/USD gains momentum and climbs above 1.2200 ahead of UK inflation reportThe British Pound (GBP) advances versus the US Dollar (USD) during the North American session, registering gains of 0.42%, on a risk-on impulse while
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GBP/USD into 1.2215 ahead of UK wage figuresThe GBP/USD gained on Monday, climbing back into 1.2215 as market risk appetite recovers heading into Tuesday's UK wages and US Retail Sales reading.
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