The Pound Sterling (GBP) gains against its major peers, except the Australian Dollar (AUD) and the New Zealand Dollar (NZD), in Monday’s London session.
The Pound Sterling moves higher against the US Dollar on improved market sentiment. BoE’s Mann warns about upside risks to price pressures. The Fed is expected to cut interest rates by 25 bps in September. The Pound Sterling gains against its major peers, except the Australian Dollar and the New Zealand Dollar , in Monday’s London session.
She added, But we need to be patient and avoid undermining continued progress on lowering inflation by overreacting to any single data point,” Reuters reported. Technical Analysis: Pound Sterling rebounds from 1.2700 The Pound Sterling recovers after a positive divergence formation on a daily timeframe, in which the asset continues to build higher lows while a momentum oscillator makes lower lows.
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