USD/JPY Faces Challenges as US Economic Data Weakens on Nostr: GBP/USD Outlook: US Economy Shows Signs of Cooling, UK Economy Faces Challenges ...

GBP/USD Outlook: US Economy Shows Signs of Cooling, UK Economy Faces Challenges
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#a73498e0 ver:0.53

The GBP/USD pair faces challenges as the US economy shows signs of cooling and the UK economy struggles. Strong US jobs data led to a rise in the dollar and a drop in the GBP/USD pair. Expectations of a rate cut by the Federal Reserve have diminished. The focus now shifts to the impact of the strong US jobs data on the pair and the potential implications for the Federal Reserve's monetary policy. The pound's gains against the US dollar could come under pressure from the US PCE price index data. GBP/USD trades rangebound between 1.23 and 1.2850, with a breakout potentially leading to a rise towards 1.3150. #GBPUSD #forex...

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