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Forex news -forex broker review => Forex => Topic started by: forex4you on Aug 02, 2024, 06:44 am

Title: GBPUSD backslides after BoE rate cut with NFP looming ahead
Post by: forex4you on Aug 02, 2024, 06:44 am
GBPUSD backslides after BoE rate cut with NFP looming ahead

GBP/USD found a new hole in the floor on Thursday, declining towards the 1.2700 handle after fresh recession fears off the back of a miss in US Purchasing Managers Index (PMI) figures that mixed poorly with easing Pound Sterling flows after the Bank of England (BoE) delivered a broadly-expected quarter-point rate trim.

Source: GBPUSD backslides after BoE rate cut with NFP looming ahead (https://www.fxstreet.com/news/gbpusd-backslides-after-boe-rate-cut-with-nfp-looming-ahead-202408012304)