GBPUSD Technical Analysis – The US Dollar rally might have run out of steam ...Middle East

Fundamental OverviewThe US Dollar yesterday weakened across the board despite a higher than expected US Core PPI and Fed Chair Powell acknowledging the need to proceed more carefully with rate cuts from here on. This might be a signal that the market could be fine with just two rate cuts priced in for 2025 and will need some stronger reasons to price out those as well. This could trigger a bigger pullback in the US Dollar after the incredible run since the beginning of October.On the GBP side, this week we got the UK labour market report and although the data was mostly mixed, it leant more on the dovish side. The UK GDP this morning missed expectations slightly but overall the week didn’t c

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GBPUSD Technical Analysis – The US Dollar rally might have run out of steam ...Middle East

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