GBP/USD recovery looks to recapture 1.2900 as Fed hawks retreat on mixed data, focus on BoE, US NFP – by anilpanchal7 GBPUSD BOE Fed NFP RiskAversion
. That said, the Cable pair prints mild gains around 1.2860 by the press time after posting a minor weekly loss in the last.
of Minneapolis President Neel Kashkari. Furthermore, hopes of witnessing the Bank of England’s 0.25% rate hike also allow the Pound Sterling to pare recent losses.for July dropped to the lowest level of 2023 with the 45.0 mark versus the market’s expectations of 46.1 and previous readings of 46.5. That said, the Services PMI also printed a six-month low by declining to 51.5 from 53.7 prior and 53.0 market forecasts. With this, the first readings of the Composite PMI edged lower to 50.
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