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As of Friday, the GBP/USD pair hovered around 1.2642, following a substantial decline. The Bank of England (BoE) has yet to find reasons to lower the interest rate, indicating intentions to maintain high rates for an extended period to support the necessary inflation level in the country. The BoE’s monetary policy remains restrictive. In its […]

The post GBP/USD Faces Sharp Decline Amid BoE’s Monetary Policy Stance appeared first on Action Forex.

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08/02/2024

Australian Dollar Dips as China’s Inflation Declines

The Australian dollar has edged lower after China posted a soft inflation report. In the European session, AUD/USD is trading at 0.6509, down 0.18%. The new year hasn’t brought much cheer to the Australian dollar, which hasn’t had a winning week in 2024. Earlier in the week, The Australian dollar dropped below the 0.65 line […]
07/08/2024

NZ Dollar Surges on Strong Employment Data

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Sunset Market Commentary

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