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November 22, 2024

GBP/USD Drops to Six-Month Lows: Key Indicators Ahead

The GBP/USD currency pair has dropped to six-month lows, currently trading around 1.2550. This downturn reflects ongoing pressures from a stronger US Dollar as traders reassess the Federal Reserve’s monetary policy following an unexpected drop in Initial Jobless Claims. The continuing decline underscores the importance of monitoring upcoming PMI figures from both the UK and the US. Investors should remain alert to these key indicators that could influence future trading strategies and market movements.

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