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The US Dollar (USD) gathered strength against its rivals midweek as the Federal Reserve (Fed) adopted a cautious tone on policy-easing after leaving the policy rate unchanged at 4.25%-4.5%.
Provided Pound Sterling (GBP) remains below 1.3335 against US Dollar (USD), it could edge lower to 1.3265. In the longer run, the current price movements are part of a 1.3240/1.3450 range-trading ...
Gold prices fell on Thursday morning, on hopes that a potential trade deal between the UK and US would be announced later in the day.
Fed’s cautious tone lifts US Dollar near 100.097. Key support and resistance levels in focus for EUR/USD, GBP/USD.
The GBP/USD exchange rate has formed a giant cup and handle pattern, pointing to a strong British pound surge in the near term ...