Pound Sterling Retreats as Investors Anticipate BoE Rate Cuts Before Fed
===============
#15296a3b ver:0.38
Investors anticipate Bank of England (BoE) rate cuts before the Federal Reserve (Fed), causing the Pound Sterling to retreat against the US Dollar. BoE expected to keep rates unchanged, but market awaits guidance on future movements. Technical analysis shows bearish reversal pattern, while US Dollar consolidates after weak data. BoE's decision will provide clarity on UK interest rates. GBP/USD faces selling pressure near 1.2600 and Head and Shoulder pattern. Pound Sterling influenced by BoE decisions and economic data releases. #GBP #USD #BoE #Fed #interestrates...
#newstr #Gbp/usd #BankOfEngland #InterestRates #Inflation #EconomicData
https://here.news/story/15296a3b?ver=0.38
GBP/USD Hits 2024 Lows as Traders Continue to Sell Rallies /
npub1gn…hpkyd
2024-05-07 07:57:43
Author Public Key
npub1gn4e8a9gsen7vlc9c9vg60q2l7hsqh04vypz9qyyr3xvs4cy0eesrhpkydPublished at
2024-05-07 07:57:43Event JSON
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"content": "Pound Sterling Retreats as Investors Anticipate BoE Rate Cuts Before Fed\n===============\t\n#15296a3b ver:0.38\n\nInvestors anticipate Bank of England (BoE) rate cuts before the Federal Reserve (Fed), causing the Pound Sterling to retreat against the US Dollar. BoE expected to keep rates unchanged, but market awaits guidance on future movements. Technical analysis shows bearish reversal pattern, while US Dollar consolidates after weak data. BoE's decision will provide clarity on UK interest rates. GBP/USD faces selling pressure near 1.2600 and Head and Shoulder pattern. Pound Sterling influenced by BoE decisions and economic data releases. #GBP #USD #BoE #Fed #interestrates...\n\n#newstr #Gbp/usd #BankOfEngland #InterestRates #Inflation #EconomicData \n\n https://here.news/story/15296a3b?ver=0.38",
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