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Forex Analysis: USD Supported by Strong Data; GBP Outperforms EUR

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The Story

News Summary

  • Strong US data reinforces the Fed's cautious stance, supporting the USD despite recent technical DXY rejection.
  • The EUR is pressured by eurozone slowing growth, while the GBP remains supported by the BoE's hawkish outlook against high inflation.
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GBPUSD price history

1.35 +1.50% over the displayed period

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