Forex Analysis by Investing.com (Damian Nowiszewski) covering: GBP/USD, US Dollar Index Futures, British Pound Futures, GBP/USD Future. Read Investing.com (Damian Nowiszewski)'s latest article on Investing.com
Could it break above the resistance zone amid Fed's hawkish stance and a divided BOE Monetary Policy Committee?
In terms of the US dollar's performance, it has shown a higher level of synchronization with market dynamics in recent months, experiencing a strengthening trend, albeit with a recent rebound in the past few days.On a different note, the UK has been grappling with accelerated disinflation, which led dovish members of the Bank of England to leverage this trend. They managed to secure a 5-to-4 majority, at least temporarily halting the ongoing interest rate hike cycle.fell by as much as 0.
We will be able to talk about a return to the trend in the situation of the appearance of a clear downward formation with a strong impulse, which will indicate the possibility of negating the current movement in the upward direction.
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