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Forex / GBP/USD

GBP/USD

1.3324

+0.07% (+0.0010)

ClosedUpdated 07/25, 03:55 AM

Market read

USD strength directly impacts GBP/USD valuation as a stronger dollar makes sterling-denominated assets relatively less attractive to foreign buyers and affects carry trade positioning ahead of Federal Reserve policy decisions. Next up: CB Consumer Confidence (Jul).

High impact

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@JStanleyFX · 07/24, 08:15 PM
Event soon
USD strength resumed following last week's PPI release; a bull flag breakout formed this week ahead of next week's FOMC meeting.
USD strength directly impacts GBP/USD valuation as a stronger dollar makes sterling-denominated assets relatively less attractive to foreign buyers and affects carry trade positioning ahead of Federal Reserve policy decisions.

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