GBPUSD Technical Analysis – A look at the chart ahead of the BoE ...Middle East

Fundamental OverviewThe USD has been generally weaker this week after the strength seen last week due to some risk off sentiment. In fact, it looks like it’s just sentiment that’s been driving the market recently as fundamentally the soft US inflation figures just consolidated the market’s expectation of two cuts for this year despite a bit more hawkish than expected FOMC decision.The GBP, on the other hand, got pressured mainly because of the risk-off sentiment and the US Dollar strength. The mood in the market has been gradually improving this week and we saw the Pound gaining ground as a consequence. Today, we have the BoE policy decision where the central bank is expected to keep the Ban

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