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GBP/USD Price Recovery Stalled by 1.26 amid Risk Aversion, Eying Fed

Started by forex4you, May 03, 2022, 04:48 am

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GBP/USD Price Recovery Stalled by 1.26 amid Risk Aversion, Eying Fed

During the European session, the GBP/USD pair dropped below 1.2600. The Fed’s aggressive rate hike comments acted as a headwind for the US dollar. The downside remains muted ahead of the key FOMC/BoE monetary policy meetings. At the start of the European session, the GBP/USD price recovered some of its intraday losses and traded around … Continued


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