The Relative Strength Index (RSI) indicator on the 4-hour chart holds above 40 in the European session, suggesting that sellers remain reluctant to bet on an extended slide for now. On the upside, ...

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GBP/USD heads towards $1.3000, as UK economy suffers from the ‘August effect’

We think so, and we also expect UK growth to ‘bounce’ back, after a small blip in Q3. It is worth noting that August can be a strange month for the UK economy. Typically, people are away, holidays are ...

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GBP/USD forecast: signal ahead of UK GDP and inflation data

The GBP/USD pair continued its strong sell-off this week as odds of a more aggressive Federal Reserve faded. After soaring to 1.3435 last month, the pair has retreated to 1.3060, its lowest point ...

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British Pound Short-term Outlook: GBP/USD Support Test at September Low

The British Pound rally stalled into technical resistance last month with GBP/USD plunging more than 2.6% since the start of October. A two-week decline is now testing the first major support pivot ...

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FxWirePro: GBP/USD downtrend loses steam after uptick in US inflation, jobless claims data but outlook still bearish

GBP/USD initially dipped but recovered ground on Thursday after data showed signs of labor market weakness and a higher-than-expected rise in U.S. inflation in September. Labor Department data on ...

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