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GBPUSD Edges Up as Trade Optimism and Dovish CPI Boost Risk Sentiment Ahead of FOMC

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The Story

News Summary

  • GBPUSD holds between key technical levels amid dovish UK CPI and softer US CPI.
  • Risk-on sentiment and trade optimism weigh on the dollar ahead of FOMC and Trump-Xi meeting, supporting modest bullish positioning in the short term.
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GBPUSD price history

1.35 +1.50% over the displayed period

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