GBP Price Action Setups: GBP/USD, EUR/GBP, GBP/AUD
GBP is vulnerable ahead of tomorrow's BoE meeting following a week of soft data. Will the BoE outdo the Fed with rate cut expectations?
Source: dailyfx.com
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GBP is vulnerable ahead of tomorrow's BoE meeting following a week of soft data. Will the BoE outdo the Fed with rate cut expectations?
This article focuses on the technical outlook for major U.S. dollar pairs such as EUR/USD, USD/JPY and GBP/USD, examining key price levels after the Fed’s dovish pivot.
The U.S. dollar could top soon in response to the Fed's cautious outlook. This scenario creates an opportunity for EUR/USD and gold prices to trade higher, but this theory hinges on U.S. data weakening going forward.