The US dollar has made a nice comeback today, despite the softer retail sales data. The latest round of bids came ahead of the London fix, so that could have been a driver, especially with a US holiday tomorrow.
That said, the bids came early for a fixing trade and the rally in oil prices might have some re-thinking the inflation trade.
GBP/USD 10 mins
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2024-06-18 15:05:00Z
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