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November 20, 2024

GBP USD Continues to Rise Before UK CPI Data

GBP USD moves higher for the third consecutive session, trading around 1.2690 during Asian hours on Wednesday. The Pound Sterling gains ground as markets expect a low chance of a rate cut from the Bank of England this year. Following the recent Monetary Policy Report Hearings, traders should prepare for possible volatility as UK CPI data is released. Staying plugged into market shifts is crucial for forecasting future price movements.

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