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
Hence then, the article about gbpusd technical analysis the bearish momentum seems to be fading was published today ( ) and is available onforex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( GBPUSD Technical Analysis – The bearish momentum seems to be fading )