GBPUSD : Continue to recover!
The GBP/USD pair continued its upward trajectory for the second consecutive session, trading around the 1.2710 level during Asian hours on Monday. A weaker US Dollar (USD) bolstered the GBP/USD pair. April's data indicated that US consumer inflation slowed to 0.3%, fueling expectations that the Federal Reserve (Fed) might cut interest rates in 2024. However, the US Fed maintained a cautious stance regarding inflation and the potential for rate cuts in 2024.
According to the CME FedWatch Tool, the likelihood of the Federal Reserve implementing a 25 basis point rate cut in September slightly increased to 49.0%, up from 48.6% a week earlier. This potential easing of monetary policy by the central bank could weaken the US Dollar and strengthen the GBP/USD pair.
According to the CME FedWatch Tool, the likelihood of the Federal Reserve implementing a 25 basis point rate cut in September slightly increased to 49.0%, up from 48.6% a week earlier. This potential easing of monetary policy by the central bank could weaken the US Dollar and strengthen the GBP/USD pair.
Trade ativo
Join the community group for the earliest support on short scalping and trading strategies!
✅ Knowledge of trading
✅ Support Free Trading Signals win rate 80%
FREE Chanel Signals: t.me/+TkyS7Rg4jN9iZjk1
✅ Knowledge of trading
✅ Support Free Trading Signals win rate 80%
FREE Chanel Signals: t.me/+TkyS7Rg4jN9iZjk1
