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The British is in positive territory on Thursday. In the North American session, GBP/USD is trading at 1.2492, up 0.23%. US GDP slows to 1.6% Is the US economy finally slowing down? Recent key indicators, from nonfarm payrolls to consumer inflation have been stronger than expected, but the markets could hear the “thud” of today’s […]

The post Pound Edges Higher After Soft US GDP appeared first on Action Forex.

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27/05/2024

It’s Been a Roller-Coaster Month

We had a roller-coaster month of May in terms of central bank expectations. The month began with the Federal Reserve’s (Fed) decision to hold the interest rates steady, and Jerome Powell saying that the Fed’s next move will probably NOT be a rate cut. The latter had sent the markets rallying with enthusiasm. Then, the […]
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