Day: July 1, 2024

Pound Sterling Surges on Fed Rate Cut Expectations, UK Election Outcome in Focus

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The Pound Sterling (GBP) demonstrated impressive strength against its major peers in early New York trading on Monday, driven by market expectations of Federal Reserve (Fed) rate cuts and uncertainty surrounding the upcoming UK elections. Market Drivers: Fed’s Policy Path and UK Political Landscape Technical Analysis: GBP/USD Challenges Key Resistance Level The GBP/USD pair surged […]

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