GBPUSD Technical Analysis - Key levels in play ahead of the BoE decision ...Middle East

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USDThe Fed left interest rates unchanged as expected while dropping the tightening bias in the statement but adding a slight pushback against a March rate cut.Fed Chair Powell stressed that they want to see more evidence of inflation falling back to target and that a rate cut in March is not their base case. The latest US GDP beat expectations by a big margin.The US PCE came mostly in line with expectations with the Core 3-month and 6-month annualised rates falling below the Fed’s 2% target. The US Job Openings surprised to the upside although the hiring and quit rates remain below pre-pandemic levels.The latest US PMIs beat expectations by a big margin for both the Manufacturing and Service

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Last updated : 01 February 2024 clock 03:04 PM

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GBPUSD Technical Analysis - Key levels in play ahead of the BoE decision ...Middle East

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