Pound Sterling Holds Above 1.27 as Dollar Drifts Against European Currencies
===============
#b4222ee6 ver:1.2
The GBP/USD exchange rate hovers above 1.27, near 2-month highs, as the dollar stays range-bound against European currencies. A retreat in the dollar or strong UK inflation data is needed for a decisive break above 1.27. The Bank of England expresses caution ahead of crucial inflation data, with rate cuts expected in June. The Atlanta Fed President expects inflation to fall but at a slower pace, with monetary loosening likely in Q4. GBP/USD remains uncertain as central bank commentary and lack of fresh UK releases impact the pound. #GBP #USD #exchange #inflation...
#newstr #PoundSterling #Dollar #EuropeanCurrencies #UkInflationData #BankOfEngland #CentralBankCommentary
https://here.news/story/b4222ee6?ver=1.2
GBP/USD Exchange Rate Volatile Amid Macroeconomic Data and Middle East Tensions /
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2024-05-22 07:04:53
Author Public Key
npub1fg58z2svv8ryh8qck7285lajjeafkkdvkdw5wt6a5lax7dzlw3mqrg72txPublished at
2024-05-22 07:04:53Event JSON
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"content": "Pound Sterling Holds Above 1.27 as Dollar Drifts Against European Currencies\n===============\t\n#b4222ee6 ver:1.2\n\nThe GBP/USD exchange rate hovers above 1.27, near 2-month highs, as the dollar stays range-bound against European currencies. A retreat in the dollar or strong UK inflation data is needed for a decisive break above 1.27. The Bank of England expresses caution ahead of crucial inflation data, with rate cuts expected in June. The Atlanta Fed President expects inflation to fall but at a slower pace, with monetary loosening likely in Q4. GBP/USD remains uncertain as central bank commentary and lack of fresh UK releases impact the pound. #GBP #USD #exchange #inflation...\n\n#newstr #PoundSterling #Dollar #EuropeanCurrencies #UkInflationData #BankOfEngland #CentralBankCommentary \n\n https://here.news/story/b4222ee6?ver=1.2",
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