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GBP/USD Holds Near $1.35 as BoE and Fed Rate Bets Clash

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The Story

News Summary

  • Sterling hovered near $1.35 as soaring energy prices fueled Bank of England rate hike expectations.
  • However, upside remains constrained by a resilient U.S.
  • dollar, supported by strong employment data and rising expectations for a Federal Reserve interest rate hike.
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GBPUSD price history

1.35 +1.50% over the displayed period

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