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🇬🇧 UK Inflation Cools: What Does It Mean for #GBP?
UK CPI eased to 2.6% YoY in June from 2.8%, moving closer to the BoE’s 2% target
Rate cut expectations rose, but GBP stayed resilient as traders looked beyond the headline data
#inflation#rates#forex#CPI
Which platform are you using to trade FX and what’s your #1 priority?
⚡ Fast execution
💰 Low spreads
🔒 Security & regulation
We rank brokers based on multiple metrics. You can also check scam reports and trader feedback👇
https://t.co/dTyWfbJ5aY
#broker#forex#TradingScam
Which platform are you using to trade FX and what’s your #1 priority?
⚡ Fast execution
💰 Low spreads
🔒 Security & regulation
We rank brokers based on multiple metrics. You can also check scam reports and trader feedback👇
https://t.co/dTyWfbJ5aY
#broker#forex#TradingScam
1/2
🇬🇧 UK Inflation Cools: What Does It Mean for #GBP?
UK CPI eased to 2.6% YoY in June from 2.8%, moving closer to the BoE’s 2% target
Rate cut expectations rose, but GBP stayed resilient as traders looked beyond the headline data
#inflation#rates#forex#CPI
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GBP direction now depends on:
• BoE rate cut path
• Energy-driven inflation risks
• Fed policy divergence
Lower inflation helps, but policy expectations will drive the next move
#Fed#sterling#Traders#GBP
🚨 #GBP/USD turns bearish 📉
GBP/USD is trading near 1.328, below key EMA levels
Weak momentum and a bearish RSI signal suggest sellers remain in control, keeping downside risks elevated
👉Track real-time rates via https://t.co/GsrlCtPzs0
#GBPUSD#Forex#Sterling#forextrader
GBP/USD remains steady after four days of losses, trading around 1.3370 during the European hours on Wednesday. The pair is holding a mildly bearish near‑term bias as spot remains capped beneath the 50‑day and nine-day Exponential Moving Averages (EMAs).
Geopolitics remained top of the agenda for markets, with a sharp rise in oil prices as the strikes between the US and Iran showed no sign of easing.
Indeed, Brent crude oil prices ended the week up +15.91% at $88.10/bbl, marking their biggest weekly jump since April.