GBPUSD Technical Analysis – Flows dominate the price action ...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. Although such data keeps the interest rates expectations stable around two cuts by the end of the year, it should also support the risk sentiment amid a pickup in growth. This could be a headwind for the greenback. The GBP, on the other hand, has been under pressure since the BoE policy decision where the central bank dropped some dovish signals and kept the door open for a rate cut in August. This week the Pound has been under pressure mainly due to some US Dollar strength. It looks like the price action is being

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GBPUSD Technical Analysis – Flows dominate the price action ...Middle East

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