$GBPUSD Technical Analysis: Expectations for Limited Performance
GBP/USD Technical Analysis: Expectations for Limited PerformanceGet DailyForex analysis to your emailIn light of a holiday in most markets, quiet or almost non-existent movements are expected for the price path of the. GBP/USD closed last week’s trading stable around the 1.2350 level, and its gains in the last session reached the level of 1.2396.
UK headline inflation was slower to fall last month than expected by the vast majority of forecasters while the more important core inflation rate rose 6.3% to 6.8% Conversely, sterling may reverse some of its recent losses in response to whatever leads to interest rate expectations and lower bond yields.
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