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GBP/USD rose above 1.2620, where the Fibonacci 23.6% retracement of the latest downtrend is located. However, the Relative Strength Index (RSI) indicator on the 4-hour chart is yet to recover above 50 ...
The GBP/USD exchange rate continued its strong sell-off after last Friday’s UK GDP data and as traders waited for the upcoming Federal Reserve and Bank of England decisions. The pair retreated to a ...
The Pound Sterling (GBP) failed to sustain at three-week highs against the US Dollar (USD), sending GBP/USD back under the 1.2700 threshold. It was a mixed week for GBP/USD traders. In the early part ...
UBS analysts link the decline to Sterling liquidations but remains positive on long-term prospects, projecting 1.35 by end-2025.
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