GBP/USD Trades with Mild Gains Above 1.2700 Amid Focus on US PCE Data
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#15296a3b ver:0.6
GBP/USD trades with mild gains above 1.2700 as the US Dollar weakens. US Q1 growth slightly lower at 1.3%, reducing expectations of a BoE rate cut in June. UK CPI eases slower than estimated. Investors await US Core PCE data for April. Fed officials emphasize higher borrowing costs to address inflation. Expectation of BoE rate cut in August may weigh on Pound Sterling. Bets on rate cut in June reduced due to slower easing of price pressures in the UK. #GBPUSD #USDollar #BoE #inflation...
#newstr #Gbp/usd #UsPceData #UsEconomy #BankOfEngland #Inflation #InterestRate #Cpi
https://here.news/story/15296a3b?ver=0.6
GBP/USD Hits 2024 Lows as Traders Continue to Sell Rallies /
npub1gn…hpkyd
2024-05-30 23:58:40
Author Public Key
npub1gn4e8a9gsen7vlc9c9vg60q2l7hsqh04vypz9qyyr3xvs4cy0eesrhpkydPublished at
2024-05-30 23:58:40Event JSON
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"content": "GBP/USD Trades with Mild Gains Above 1.2700 Amid Focus on US PCE Data\n===============\t\n#15296a3b ver:0.6\n\nGBP/USD trades with mild gains above 1.2700 as the US Dollar weakens. US Q1 growth slightly lower at 1.3%, reducing expectations of a BoE rate cut in June. UK CPI eases slower than estimated. Investors await US Core PCE data for April. Fed officials emphasize higher borrowing costs to address inflation. Expectation of BoE rate cut in August may weigh on Pound Sterling. Bets on rate cut in June reduced due to slower easing of price pressures in the UK. #GBPUSD #USDollar #BoE #inflation...\n\n#newstr #Gbp/usd #UsPceData #UsEconomy #BankOfEngland #Inflation #InterestRate #Cpi \n\n https://here.news/story/15296a3b?ver=0.6",
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