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December 4, 2024

GBP/USD Churning Below 1.2700 Amid Economic Lulls

GBP/USD remains churned around just below the 1.2700 handle. Traders of Pound Sterling are facing a notable lull in impactful UK-centric economic data. Meanwhile, the broader markets gear up for the upcoming US Nonfarm Payrolls (NFP) data due at the end of the week. This situation poses questions regarding potential shifts in market sentiment and requires traders to stay alert.

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GBP/USD Forecast: Bearish Trends Below 1.2700

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