GBPUSD Drops on BoE Rate Cut Signals, but Bullish Trend Intact

3 окт.

GBPUSD is down sharply today as the Bank of England signals potential rate cuts. Previously, the BoE was more hawkish while the Fed cut rates. Yet that is coming to a change. Despite this, the GBPUSD trend remains bullish as long as it stays above the September low of $1.2995. Key resistance levels to watch are 1.3225 and 1.3307.


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