GBPUSD Technical Analysis – The bearish momentum seems to be fading ...Middle East

Fundamental OverviewThe USD continues to be backed by good economic data as we have also seen recently from the US PMIs last Friday and the US Consumer Confidence report this week. Yesterday, we also got the US Jobless Claims figures where the data showed that the labour market continues to rebalance via less job availability rather than more layoffs. Such data keeps the interest rates expectations stable around two cuts by the end of the year and supports the risk sentiment amid a pickup in growth without inflationary pressures. The GBP, on the other hand, has been under pressure since the BoE policy decision where the central bank delivered some dovish signals and kept the door open for a

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