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GBP/USD dips to fresh 5-month lows below 1.24 following an Israeli missile strike on Iran, with Federal Reserve policies limiting Pound recovery potential.
As the Dollar Index slightly retreats to $106.192, forex traders closely watch EUR/USD and GBP/USD for potential shifts following pivotal economic updates.
The Pound US Dollar (GBP/USD) exchange rate looks to end the week with a negative bias after UK retail Sales data fell short of market forecasts.
GBP/USD remains flat, influenced by BoE's Megan Greene remarks and multiple Fed officials emphasizing rate patience. US economic updates reveal a decrease in Jobless Claims and a surge in the ...
EUR/USD pulls back as traders focus on rising Treasury yields. The fundamental picture remains bearish for the euro as ECB will likely start cutting rates before the Fed. A move below the 1.0650 level ...