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As the Dollar Index approaches $106, market focus shifts to the upcoming US Retail Sales, potentially driving significant currency fluctuations.
Despite a modest bounce from four-month lows of 1.2511, GBP/USD remained vulnerable on Friday amid sustained US Dollar strength. The Pound Sterling buyers failed to find any inspiration from the ...
Sterling ended the week considerably lower against the US dollar, recording its largest one-week decline since July 2023 (-1.5%). In light of the slew of UK economic data on the docket this weekâwages ...
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The GBP/USD pair continued plunging last week as the US dollar index (DXY) surge gained steam. It retreated to 1.2445, its lowest level since November last year as hopes of swift interest rate cuts by ...