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GBPUSD Soars as Powell Signals November Rate Cut Amid Inflation Concerns

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The Story

News Summary

  • Fed Chair Powell's dovish comments and steady labor market support expectations for rate cuts, boosting GBPUSD and mildly favoring EURUSD amid inflation concerns and robust US financial earnings.
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GBPUSD price history

1.35 +1.50% over the displayed period

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