GBPUSD Technical Analysis – Goldilocks US data sends the pair higher ...Middle East

Fundamental OverviewThe USD weakened across the board yesterday following another soft US CPI report and benign Jobless Claims figures. The market not only fully priced in a rate cut in September but also started to price in some chances of a back-to-back rate cut in November. Overall, we had a goldilocks data release with an economy that is slowing but still growing. This should support the soft-landing narrative and be positive for the risk sentiment. The GBP, on the other hand, keeps on gaining against the US Dollar mainly because of the risk-on sentiment as the US data continues to support at least two rate cuts from the Fed without sending recessionary signals. On the monetary policy fr

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GBPUSD Technical Analysis – Goldilocks US data sends the pair higher ...Middle East

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