GBPUSD: Rapid price increase
Updated
Hello dear friends!
As predicted, GBPUSD has performed well in maintaining its upward momentum and successfully conquering the high of 1.271.
Currently, the price is fluctuating around 1.276 and showing signs of forming a new peak at the level of 1.278.
Furthermore, Powell's soothing tone has boosted the key indices of Wall Street, leading to a significant decrease in the US Dollar (USD) and US Treasury bond yields. This dovish sentiment from the Bank of England has provided some support for the British Pound and uplifted this currency pair.
As predicted, GBPUSD has performed well in maintaining its upward momentum and successfully conquering the high of 1.271.
Currently, the price is fluctuating around 1.276 and showing signs of forming a new peak at the level of 1.278.
Furthermore, Powell's soothing tone has boosted the key indices of Wall Street, leading to a significant decrease in the US Dollar (USD) and US Treasury bond yields. This dovish sentiment from the Bank of England has provided some support for the British Pound and uplifted this currency pair.
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Note
GBPUSD price decreased as expected
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