GBP USD Rebounds from 1.2750 as US Dollar Weakens Ahead of Fed Rate Speculation
GBP USD has successfully bounced back from 1.2750, trading around 1.2770 amid a weakening US Dollar after a four-day strengthening phase. The decline in the Dollar, even in the face of climbing US Treasury yields, adds an interesting dynamic to the currency pair’s behavior. Traders need to keep a close watch on the unfolding economic indicators and Fed commentary as it could reshape expectations regarding future rate cuts and influence GBP movements.
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