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GBPUSD Soars on Fed Rate Cut Bets and Robust UK PMI Data Ahead of BoE Meeting

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The Story

News Summary

  • GBPUSD climbs to its strongest since October on expected Fed rate cuts, positive UK PMI data, and optimistic budget outlook.
  • BoE shows divided stance ahead of December meeting with probable rate reductions.
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GBPUSD price history

1.35 +1.50% over the displayed period

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