GBP/USD Technical Analysis

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GBP/USD Plummets to 1.3097 as UK Fiscal Gaps Weigh on Sterling Post-Market

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The British Pound concluded trading on Friday, November 1, significantly depreciated against the U.S. Dollar, finishing at approximately 1.3097, marking its lowest point since April. The decline marked a third consecutive weekly loss as investors showed a preference for the Greenback, influenced by hawkish remarks from the Federal Reserve and escalating concerns regarding the United … Read more

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GBP/USD Hits a Major Low as the Dollar Gains Momentum

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In the trading session, the GBP/USD attempted to rally; however, it encountered resistance above the 1.32 level, leading to a subsequent decline. Following the peak, the Federal Open Market Committee has convened twice, and the prevailing trend has been a steady decline, punctuated only by brief short-term recoveries. This tendency has been observed, and it … Read more