GBP/USD Price Analysis: Dollar Rises in Wake of Inflation Data
===============
#15296a3b ver:0.62
The GBP/USD exchange rate is supported by a weaker US Dollar, as US economic growth slows and UK inflation eases. However, the US Dollar may strengthen due to concerns about inflation, while expectations of a Bank of England rate cut have decreased. Technical analysis suggests a bearish sentiment for GBP/USD, with a potential decline if the price breaks below the 1.2700 support level. #GBPUSD #inflation #USDollar #BankofEngland #technicalanalysis...
#newstr #Gbp/usd #UsDollar #InflationData #RateCutExpectations
https://here.news/story/15296a3b?ver=0.62
GBP/USD Hits 2024 Lows as Traders Continue to Sell Rallies /
npub1gn…hpkyd
2024-05-31 11:05:02
Author Public Key
npub1gn4e8a9gsen7vlc9c9vg60q2l7hsqh04vypz9qyyr3xvs4cy0eesrhpkydPublished at
2024-05-31 11:05:02Event JSON
{
"id": "b3cf39e5be7066b666eb8711cb6edcfc62696777a6ded0b8e76dd4b8de25b96c",
"pubkey": "44eb93f4a88667e67f05c1588d3c0affaf005df561022280841c4cc857047e73",
"created_at": 1717153502,
"kind": 1,
"tags": [],
"content": "GBP/USD Price Analysis: Dollar Rises in Wake of Inflation Data\n===============\t\n#15296a3b ver:0.62\n\nThe GBP/USD exchange rate is supported by a weaker US Dollar, as US economic growth slows and UK inflation eases. However, the US Dollar may strengthen due to concerns about inflation, while expectations of a Bank of England rate cut have decreased. Technical analysis suggests a bearish sentiment for GBP/USD, with a potential decline if the price breaks below the 1.2700 support level. #GBPUSD #inflation #USDollar #BankofEngland #technicalanalysis...\n\n#newstr #Gbp/usd #UsDollar #InflationData #RateCutExpectations \n\n https://here.news/story/15296a3b?ver=0.62",
"sig": "801d0d3b8e9e8ac350e1c83aea3f542d02500644d6f31a059ed26fb449b350df8bc4523bb3fb3b540bf98972a574c805f677a3653e7cf4e4cb67ee33e2ae61ba"
}