📰 GBPUSD Rises as US Dollar Weakens Ahead of Key Fed, BOE, and BoC Meetings This Week
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Jul 21, 2025, 07:51 EDT
| 🔗 Source: MT Newswires
🧠 Summary
US dollar weakened against major currencies with Sterling gaining notably. Markets await key June home sales, manufacturing, and jobless data and central bank meetings later this week amid Fed's quiet period on policy comments.
💡 Why this signal?
- Sterling's firm gains reflect optimism ahead of the Bank of England's early August meeting, suggesting strong near-term upside for GBPUSD.
- Weakness in the US dollar is driven by market caution as Fed officials remain silent until after the July 29-30 FOMC meeting, limiting USD strength.
- USDCAD remains largely steady amid balanced data releases from Canada and anticipation of the Bank of Canada meeting, resulting in a neutral signal.
📈 EURUSD Price Trend
⏱️ Impact Timing
as soon as the news is out and continuing through the week
👥 Competitor Impact
No competitors impacted.
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