GBPUSD
The GBP/USD pair is bearish due to weak UK economic data, including lower-than-expected GDP growth and disappointing PMI figures, along with persistent inflation concerns despite high interest rates from the Bank of England. Additionally, global risk aversion and expectations of continued policy tightening by the US Federal Reserve are supporting the US dollar over the pound
Trade closed: stop reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.