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GBPUSD Rallies on Soft US NFP as Traders Eye Thursday CPI for Further Dollar Weakness | InvestingLive | Login to see the signal | |
GBPUSD erased all the losses following the soft NFP report. What's next?SummaryGBPUSD rallied after a soft U.S. NFP drove USD weakness and boosted dovish Fed rate-cut bets; pound also supported by hotter UK inflation. Technicals show bounce from 1.3368, resistance near 1.3590, with buyers on the 4h trendline. Key catalysts: US PPI, CPI, jobless claims, UK GDP. |
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GBPUSD Rallies as BOE's Mann Signals Hawkish Inflation Persistence, Pressuring Market Rate Pins | InvestingLive | Login to see the signal | |
BOE Mann: Research is showing increased persistence in inflation, but weak growth outlookSummaryBOE policymaker Mann flagged greater inflation persistence and a tighter-than-expected policy path, endorsing a restrictive Bank Rate while keeping cuts conditional if demand weakens, leaning hawkish overall and supportive of sterling. |
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