The GBP/USD was looking strong at the time of writing on Friday, looking to post a weekly close of around 1.5%, supported by stronger UK data and weaker US macro pointers. In the week ahead, we have key UK inflation numbers and global PMI data to trigger the next move. Our GBP/USD analysis remains bullish because of our bearish view on the dollar. The GBP/USD was looking for a bullish breakout from a couple of converging trendlines on the long-term charts, and above resistance in the 1.2700 area. Will it be successful? Given the recent moves in other FX pairs, and precious metals, a bullish breakout would not come as ... (full story)
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2024-05-19 05:30:00Z
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